Corinthians bank accounts unfrozen after court appeal | OneFootball

The Corinthians managed to unblock their accounts this Friday after filing a request to suspend the court decision.

In April, lawyer Gustavo Pinheiro filed a lawsuit claiming around R$ 1 million in legal fees. He claims to have defended businessman Carlos Leite's office in a R$ 22 million lawsuit against the club.

Judge Fábio Pellegrino, from the 1st Civil Court of Tatuapé, ordered Corinthians to be notified to pay the amount. If the sum was not deposited, Timão would have its financial assets blocked, which ended up happening. In June, Gustavo Pinheiro requested the seizure of the club's accounts and assets.

Last Friday, Corinthians' management informed the court that their accounts had been seized and requested immediate unblocking as they had managed to enter the Centralized Execution Regime (RCE). The club argues that it should not be facing new constraints on its revenues and requested the suspension of the execution. The request was granted by Judge Fábio Rogério Bojo Pellegrino.

Financial Crisis

The judicial victory is celebrated by Timão, which is suffering from a severe financial crisis. The management is currently trying to overturn a transfer ban imposed by FIFA due to a R$ 40 million debt with Santos Laguna, from Mexico, for the acquisition of defender Félix Torres.

Amid a series of problems, Corinthians is seeking to raise revenues. The club, for example, received an advance payment for the new contract signed with Nike and is trying to anticipate funds from the agreement with LFU. Timão, however, faces a deadlock in the negotiations.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.