🚨 Now! Corinthians has accumulated 4 overdue installments of an agreement that reduced its debt with the Union from R$ 1.2 billion to R$ 679 million. Timão failed to pay the installments for June, July, August, and September, totaling R$ 27.3 MILLION overdue. The contract allows for CANCELLATION after 3 overdue installments. The Attorney General of the National Treasury notified the club in August but stated that the agreement remains in effect and that Corinthians has 30 days to pay or present a defense. If canceled, the ORIGINAL amount of the debt will return, deducting only the amounts paid. Corinthians will also be 2 YEARS unable to enter into new tax agreements. The club stated that it relies on its good relationship with the PGFN to resolve the situation. 🗞️ @geglobo (translated)


