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Appeals Court Revives Bankruptcy Bid, Orders San Lorenzo to Address $5.3 Million Debt

Uncertainty over a widely cited five‑day window complicates the club’s plan to appeal to stave off insolvency.

Julio Lopardo y el resto de los dirigentes de San Lorenzo. Foto: San Lorenzo
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Overview

  • The Commercial Court’s Sala C overturned a prior ruling and advanced AIS Investment Fund’s petition, ordering San Lorenzo to be intimated over a claim of about US$5.3 million.
  • Multiple outlets report formal notice on Monday with five business days to pay or respond, though at least one report says the written ruling sets no explicit deadline and questions whether notification has occurred.
  • The liability stems from 2019–2021 financing of roughly US$4 million used for pandemic operations and player signings, with guarantees tied to Adolfo Gaich’s transfer rights.
  • The club indicates it will appeal and pursue options—such as a new payment plan, concurso preventivo or Argentina’s sports fiduciary framework—to avert a bankruptcy ruling that could jeopardize operations and assets.
  • Institutional strain intensified as president on leave Marcelo Moretti arrived at headquarters with a notary and was denied entry, prompting local reports of potential resignations within the board.