In a statement, Corinthians confirmed that an offer was presented to Caixa this morning in Brasília; see the value of the stadium’s debt
On the morning of this Friday, the 17th, the Corinthians made official a proposal to Caixa Econômica Federal to pay off the company’s debt Neo Química Arena. In a statement, the São Paulo club confirmed the offer to pay the amount related to financing the works at the Itaquera stadium.
The proposal was presented at a meeting in Brasília with representatives of alvinegro and the bank, and announced in a statement from the two entities.
“Representatives from Caixa and Corinthians met, and the Club presented a formal proposal to settle the outstanding balance of the debt under the financing contract signed for the construction of Arena Corinthians”says the note signed by Luiz Felipe Figueiredo, director of Finance and Investor Relations at Caixa.
“The proposal was received by Caixa and we will now wait to obtain the necessary documents for its formalization. We inform you that, as soon as this stage is overcome, more details will be released”, says the statement from the São Paulo club.
The renegotiation values are kept confidential. Corinthians and Caixa have been talking about an agreement for months, and the football club is advised by KPMG. The bank will evaluate Timão’s proposal.
In 2023, Corinthians has already transferred R$100 million to Caixa in interest only to the bank, which financed the construction of the Neo Química Arena, opened in 2014. In the total agreement, the debt exceeds R$600 million and must begin to be paid in 2025.
Read the announcements
Corinthians
“Sport Club Corinthians Paulista informs all its members and fans that it presented this Friday morning (17) a proposal to Caixa Econômica Federal to achieve one of our most desired objectives: the settlement of the outstanding balance of the financing for the construction of the Neo Química Arena. The proposal was received by Caixa and we will now wait to obtain the necessary documents for its formalization. We inform you that, as soon as this stage is overcome, more details will be released.”
Box
“Caixa Econômica Federal (“CAIXA”) informs Brazilian society, its customers and employees, and the market in general that, on Friday morning, representatives from Caixa and Corinthians met, with the Club presenting a formal proposal to pay off the outstanding balance of the debt under the Financing Agreement signed for the construction of Arena Corinthians. The proposal will be forwarded internally for technical evaluations.”
Source: sportbuzz
I am William Jackson and I have a passion for sports journalism. With over 3 years of experience in the industry, I have worked in a variety of roles to improve the quality and accuracy of sports news coverage. As an author at Athletistic, I specialize in covering football news and providing comprehensive analysis for fans around the world.
