An urgent situation ended up appearing recently, with Corinthians being condemned by FIFA and being close to being banned from hiring. The São Paulo team is going through a very delicate moment at the moment, considering that it has been trying to arrange signings and reinforcements, but has been running into a problem that has been bothering us for some time: money.
We have already seen some regularizations delayed due to lack of payment and, soon, it may be that no new name can be hired. This is because a situation ended up breaking out recently and Corinthians received a sentence from the highest entity in world football, which will prohibit the club from hiring if the debt in question is not resolved within 45 days.
Last Friday, information appeared on Globo Esporte that Timão was ordered to pay US$ 3.45 million (R$ 17 million) to Argentinos Juniors, due to debt in paying for the transfer of midfielder Fausto Vera. Furthermore, the amount will have 18% interest added per year starting in July 2023, leaving fans very worried.
Corinthians opens its coffers and spends R$100 million on signings
FIFA condemns Corinthians and will ban them from signing if there is no payment
This is because, if Team do Povo does not resolve the situation and pay the amounts it owes to the Argentine club in less than 45 days, it will be prevented from signing and registering new players, the famous ‘transfer ban’. As a result, the board is now racing against time to collect the amounts so that severe punishment is not imposed at the beginning of the season, which could be very disruptive.
Interestingly, FIFA’s decision was taken on November 6, 2023, but was only published last Friday, February 2. In a statement, Corinthians told ge that “it does not comment on pending processes”. Now fans are keeping an eye out, hoping for a resolution to the case before the punishment becomes severe.
R$2.5 billion deal is being closed and Corinthians should receive a slice