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Newell’s Declares Insolvency and Orders January Audit as Boero Takes Charge

The new board says debts top $35 million with prepaid contracts draining 2026 income.

Overview

  • President Ignacio Boero described the club as “mortgaged and devastated” and said the audit will define potential disciplinary or legal actions regarding the prior administration.
  • Treasurer Camilo Cristiá reported liabilities exceeding $35 million, a negative bank balance, and a 1.2 billion–peso debt to Arca.
  • Leaders allege checks were issued without funds and that 2026 TV rights and two years of kit royalties were collected upfront.
  • The administration said it is working with AFA and negotiating daily with creditors to stabilize operations.
  • Sporting director Roberto Sensini appointed Favio Orsi and Sergio Gómez to coach the first team as preseason preparations begin for 2026.