Palmeiras is close to paying off its debt with Crefisa by buying players with money borrowed from sponsors. As reported by Uol and confirmed by Lance! , totaled R$43 million and was reported to the COF (Guidance and Inspection Council) meeting. Furthermore, in the balance sheet for the month of July, the club had a surplus of R$28.9 million, higher than expected.Palmeiras increased Crefisa's debt and generated higher profits in July 2019.
Palmeiras is close to paying off its debt with Crefisa by buying players with money borrowed from sponsors. As reported by Uol and confirmed by Lance! , totaled R$43 million and was reported to the COF (Guidance and Inspection Council) meeting. Furthermore, in the balance sheet for the month of July, the club had a surplus of R$28.9 million, higher than expected.