Overview

• An injunction from Rio’s 11th Civil Chamber ordered Globo’s R$77 million audience tranche deposited in court, with the case to be decided by CBMA arbitration.
• Club president Luiz Eduardo Baptista told Flamengo’s board the team will remain in Libra through 2029, signals no renewal, and targets future direct-to-fan broadcasts via Flamengo TV.
• The core dispute stems from Annex I of Libra’s statute, which outlines the audience split but omits platform weightings for open TV, pay TV and streaming; Libra says the model was unanimously approved, including by Flamengo’s prior administration.
• Libra proposed maintaining 2025 payments and debating changes for 2026, but Flamengo sought the injunction on the eve of the August payout after losing in first instance and prevailing on appeal.
• Libra clubs are preparing individual legal actions to unlock their shares if the league’s challenge fails, as frustration grows over the freeze and some discuss potential sanctions against Flamengo.