You can understand why Vasco is having trouble making payments
The news that Vasco has been struggling to honor financial commitments, such as business commissions and signings for parts, is the last few days for the club. However, the duration of the challenge was brought forward within the SAF system and did not affect player salaries. CHUNK! found that Cruz-Maltino intends to guarantee its cash flow. There was the prospect of a difficult time to adjust the club's position in relation to external commitments between the second and third quarters of 2023. Related to Vasco Vasco's lawyer Andrey says he will take legal action against Vasco for late payment of debts: 'New club, old management' Vasco 16/05/2023 Vasco Owner Vasco, 777 has a history of changing managers in the clubs he manages Vasco 16/05/2023 Vasco In just over five months, Vasco has already suffered more defeats in São Januário than in 2022 Vasco 15/05/2023 After receiving the first money from 777 Partners, worth R$ 120 million, September last year, Vasco allocated a substantial portion of cash to cover debts and operational costs, involving the rehabilitation of São Januário, CT Moacyr Barbosa, suppliers and other facilities. + Check out the Brazilian Championship table! Although the sale of Andrey to Chelsea helped in terms of revenue, the amount was not enough for the Colina club to sign in cash, and several negotiations involving players and intermediary commissions were paid in installments. The exception is the signing of Pedro Raul, in which Cruz-Maltino paid more than R$10 million for Kashiwa Reysol, from Japan + All Brasileirão games can be watched on Prime Video. Sign up now and follow your favorite team! Vasco resolved the frozen signings of defender Léo and paid midfielder Orellano, according to the club. Cruz-Maltino is also trying to renegotiate agreements with Lucas Piton and Puma Rodríguez. The crisis surrounding the Centralized Execution Regime (RCE) has been resolved, but the debt relating to the sale of Andrey will be the subject of legal proceedings. Atlético Tucumán (ARG) also complained about not being paid in negotiations involving defender Capasso. Vasco received 50% of the player's economic rights for US$1.2 million (R$5.9 million), adding US$300 (R$1.5 million) to his achievements. A member of the club's Argentine board, Miguel Abbondándolo, said that the case is already being analyzed by the Department of Justice. - There is a debt. Our council has already passed the case on to the legal department and now they will take care of it - he explained. Currently, cash flow is sufficient to cover salaries and operational issues. SAF's vision is that, over time, the club will begin to increase its fundraising capacity, given the forecast of sales revenue to cover current expenses. It is estimated that the club has a monthly turnover of US$10 million, a small budget when considering that the salary bill is in the range of US$7.5 million. Initially, 777 Partners has until September to deploy $120 million in new money. But the expectation is that Cruz-Maltino will receive the agreed amount in advance, with the aim of helping to rebalance resources and reinforce the team for the next window. which opens on July 3rd. Follow Lance! on Google News Main readings 1 Opinion of Vini Jr.. and Mbappé on the Real Madrid webcast 2 Off the Field Brasileirão: see the chances of winning the title after Botafogo's draw and Palmeiras' 3-0 victory Lance! How much money did Biz Rayssa Leal make by conquering the SLS station in Tokyo? 4 Off the field Botafogo fans blame the half defeat: ‘It’s an invitation to failure’ 5 Flamengo Flamengo’s stadium, with a capacity for 78 thousand people, is European-inspired; see photos Jornal Lance! Stay up to date on sports and your favorite team with just a minute of reading! Subscribe to the Best of Sports for your Morning! Article More News Stay informed! See more Vasco Vasco's new coach Felipe has a mid-table record in his career 11/25/2024 - 1:58 pm Vasco Coutinho comments on Rafael Paiva's dismissal at Vasco 11/25/2024 - 11:53 am Vasco Vasco explains coach in the final phase of the Brasileirão 25/ 11/2024 - 11:53 am Vasco Artificial Intelligence appoints excellent coach to... take command of Vasco in 2025 25/11/2024 - 09:00 Vasco Rafael Paiva in ten acts: remember the former coach's time at Vasco 11/25/2024 - 07:0 Vasco Corinthians: Garro becomes a cheerleader for the Brasileirão; see list 11/25/2024 - 05:15 Vasco Fan is arrested and seven fined for fight against Corinthians and Vasco 11/24/2024 - 20:31 Vasco Coutinho regrets another Vasco defeat: 'We can't make any more mistakes' 11/24/2024 - 20:04 Related Andrey, Vasco's lawyer, says he will go to court against... Vasco for debt arrears: 'New club, old management' Vasco 05/16/2023 Vasco Owner of Vasco, 777 has a history of coach transfers in clubs he manages Vasco 05/16/2023 Vasco In just over five months, Vasco has already lost more in São Januário than in 2022 Vasco 05/15/2