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San Lorenzo Given Oct. 19 Deadline to Pay €4.4 Million or Face Bankruptcy

The court order stems from a 2020 transfer-financing deal tied to Adolfo Gaich that went unpaid after CSKA Moscow sent the fee directly to the club.

Overview

  • Argentina’s judiciary has formally notified the club of the payment deadline, with TyC Sports reporting the ultimatum and no option to appeal.
  • The creditor is the Swiss AIS Investment Fund, and the amount due is reported at roughly €4.4 million, or about US$4.7 million.
  • A 2024 court decision set repayment at €3.6 million, and interest and adjustments have increased the total to the current figure.
  • San Lorenzo says it lacks the resources to meet the order as its legal team races to assemble an emergency solution.
  • Local coverage describes the situation as one of the club’s gravest financial crises, with broader consequences for a member of Argentina’s traditional big five.