Particle.news
Download on the App Store

LiBRA Rebukes Flamengo Over TV Money Freeze as Palmeiras Sues to Undo R$77 Million Block

LiBRA says its statute, approved unanimously, already sets an audience-based split that Flamengo wants replaced by club registrations.

Overview

  • A Rio de Janeiro court injunction obtained by Flamengo has frozen roughly R$77 million that would be distributed to 16 LiBRA clubs under the current TV deal.
  • Palmeiras says it will go to court to overturn the freeze and pursue compensation for losses, with president Leila Pereira criticizing the club’s leadership in public remarks.
  • In an extensive note, LiBRA accused Flamengo of distorting information, asserted the distribution rule is explicit in its statute, and said a switch to a 'cadastro' metric was proposed solely by Flamengo and rejected in assembly.
  • LiBRA has filed an appeal to lift the injunction, and the case remains under review at the Rio de Janeiro Court of Justice with no decision date announced.
  • The Globo contract for 2025–2029 is reported at about R$6 billion and divides income by equal shares, league position and a 30% audience component that is now the focus of the dispute.