Overview

• The July balance report puts total liabilities at R$ 2.7 billion, with R$ 655 million tied to Neo Química Arena financing.
• Interest payments surpassed R$ 121 million through July, contributing to a R$ 103 million year-to-date deficit and a projected R$ 83.3 million loss for 2025.
• The club has been under a transfer ban since August 12 over roughly R$ 40 million owed to Santos Laguna for the signing of Félix Torres.
• CAS rejected the club’s appeal and ordered R$ 41.3 million to Matías Rojas, with nonpayment likely to trigger a second registration ban.
• President Osmar Stabile created a strategic planning and financial restructuring committee, while additional FIFA cases involving Talleres, Shakhtar Donetsk, Philadelphia Union and Midtjylland remain under CAS review.