🚨 NOW! Corinthians reaches an agreement with Caixa to suspend payment of a Neo Química Arena installment while negotiating settlement. According to officials, the bank has authorized Timão not to pay the installment of R$ 28 MILLION, due in September. The first two installments of the year, totaling R$ 56 million, have been paid. The officials understand that Caixa's decision not to charge the installment is a GOOD SIGN for the progress of the talks. The debt is about R$ 630 MILLION. To settle it, Corinthians proposes to give Caixa the naming rights of the Arena and other commercial assets, such as capitalization bonds, Fiel Torcedor cards, and banking services. Timão believes that the naming rights of the Arena are worth R$ 70 MILLION per year. Currently, Hypera Pharma pays R$ 15 MILLION annually, adjusted for inflation. (translated)

