By The Rio Times | Created at 2025-03-24 09:12:36 | Updated at 2025-04-04 18:47:42
1 week ago
Flamengo’s president, Luiz Eduardo Baptista, known as Bap, exposes a R$ 56.2 million ($9.9 million) debt crisis in a March 20, 2025, council meeting, according to Globo Esporte.
He reveals Brazilian and European clubs owe this sum from unpaid player transfers. Bap vows to recover every cent, rejecting discounts and targeting delinquents with legal action.
Bap discovers Internacional owes 4 million euros (R$ 24.04 million, $4.2 million) for Thiago Maia’s transfer. He notifies the CBF’s dispute chamber to enforce payment.
Meanwhile, Portugal’s Estrela Amadora delays payments for André Luiz, Daniel Cabral, and Igor Jesus, totaling millions. Leixões owes 175,000 euros for Werton, and Paços de Ferreira adds to the European debts.
Bap files FIFA claims against these clubs after a 48-hour ultimatum flops. Together, Portuguese debts near 3 million euros (R$ 18.5 million, $3.2 million), pushing the total owed past 5.2 million euros.
Flamengo’s President Unveils R$ 56 Million Debt Crisis and Cracks Down on Deadbeat Clubs. (Photo Internet reproduction)Flamengo’s Financial Overhaul Under Bap
Previously, Flamengo’s leadership under Rodolfo Landim neglects these debts despite winning 13 titles and boosting revenue to R$ 1 billion ($175.4 million) yearly. Bap, elected in December 2024 over Dunshee, campaigns on fixing such oversights.
He now delivers, exposing a financial mess left unchecked. Transitioning to action, Bap blocks Santos from snagging Thiago Maia without bank guarantees, avoiding another risky debtor swap.
He stresses Flamengo’s new stance: no leniency for non-payers. The club’s moves ripple through football circles, spotlighting Brazil’s cash-strapped teams. Internacional struggles with finances amid relegation woes, while Portugal’s smaller clubs like Estrela Amadora face instability.
Bap’s public shaming and legal threats aim to deter future defaults. FIFA and CBF rulings loom, potentially hitting debtors with bans or fines. Flamengo’s revenue dwarfs the debt, yet Bap sees recovery as vital for financial discipline.
He eyes funds for a new stadium, signaling bigger ambitions. The story unfolds as a wake-up call for clubs relying on unpaid dues. Observers note Bap’s tough approach shifts Flamengo’s reputation from passive giant to relentless creditor.
The next weeks will reveal if his gamble pays off or stirs more disputes. For now, he holds firm, chasing R$ 56.2 million ($9.9 million) with unwavering resolve.
