The Planet of Football reported, citing ge.globo and Yago Rudá, that Corinthians had signed an agreement with Caixa and received R$ 13.5 million out of a total of R$ 27 million released. According to the profile, the release date of the other half would still be confirmed, and management planned to pay the overdue salaries the next day. The money was in a reserve account as collateral for the debt payment contract of the Neo Química Arena. The profile stated that the settlement of the debt was still under negotiation, with quarterly installments suspended. According to the publication, the club had received an indication that Caixa would stop blocking revenues such as ticket sales and bonuses. In the negotiation, Corinthians offered the naming rights of the Arena for a period, as well as other commercial assets, to settle a debt of R$ 630 million. The profile said that the club valued the naming rights at R$ 70 million per year, compared to the R$ 15 million annually it received from Hypera Pharma. Still according to the publication, Corinthians had paid about R$ 600 million since 2014. The contract extended until December 2041, with an interest rate of 2% per year plus CDI and increasing amortizations starting in 2025. In 2023 and 2024, the club had only paid interest. #Corinthians #Caixa #SaláriosAtrasados (translated)
