Overview
- At a news conference, president Ignacio Boero said Newell’s was received “mortgaged and devastated” and in cessation of payments.
- Treasurer Camilo Cristiá reported liabilities exceeding $35 million and a negative bank balance.
- The new board alleged checks were issued without funds and cited a 1.2 billion peso debt to Arca, which they characterized as potentially criminal.
- Officials said 2026 television rights were already sold and an apparel deal was prepaid, leaving the club without expected royalties for the next two years.
- An external audit will begin in January to determine liabilities and possible misconduct, as the administration works with AFA on immediate obligations and resets sporting leadership under director Roberto Sensini with coaches Favio Orsi and Sergio Gómez after narrowly avoiding relegation.