Former Vasco president Jorge Salgado sent a statement to the ge about the 2023 balance sheet that will be published by the Pedrinho management this Tuesday. The former president refutes the information published last week, about a survey by the association’s current management regarding the jump to around R$200 million due to the classification of debts that Salgado called “hidden”.
– I hope that good accounting technique prevails – says Salgado, when ge.
The full letter sent to the reporter is published below. In it, the former president mentions the possible contingencies – which is a forecast of liabilities that may or may not be confirmed in court – of another club. In the case of Palmeiras, which presents contingencies of R$390.8 million in its 2023 balance sheet, but declares only R$17.5 million (4.5%) in debt. Vasco, in 2022, declared 18%, corresponding to R$35.4 million of debt from the total contingencies of R$195.7 million.
The former president, who was contacted last week and did not want to speak out more than once, just like the current Pedrinho administrationrecalls that the almost R$ 200 million – more precisely R$ 195.7 million – were described in the 2022 balance sheet and were known to the Fiscal Council, which had Silvio Almeida, Pedrinho’s current finance deputy, one of the members, and were approved by the club’s Deliberative Council.
Salgado says it will cause “astonishment” if the Pedrinho management transforms contingencies – which can be reversed in court or later paid off with discounts or agreements – in debt in the 2023 financial statements. He recalls that the numbers “were known to everyone, as they were duly analyzed by a committee made up of 15 advisors (including members of the opposition and the Beneficiary Council) and published on the CRVG’s official website.”
– It is strange, therefore, that the topic now resurfaces under the fallacious name of “hidden liabilities”, says an excerpt from Salgado’s letter.
– (The debts) have absolutely nothing “hidden” about them: they were presented to the Fiscal Council, to the Deliberative Council committee and even disclosed in an explanatory note in the 2022 Club Balance Sheet – he reinforces in the letter, also stating that even If the club, today, realized that it would lose all the lawsuits, it could get discounts on legal settlements.
Salgado also disputes the current account balance and possible amounts owed.
Check out the full statement by Jorge Salgado, former president of Vasco:
Tags: Salgado disputes growth Vascos debts good accounting technique prevail Vasco
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