Overview
- The 21st Civil Chamber of the Rio de Janeiro court kept preventive measures in place that restrict John Textor from actions the club deems harmful until a final ruling.
- The Botafogo associativo, which owns 10% of the SAF and oversees its finances, asked the court to stop what it calls asset depletion and risky deals.
- Lawyers for the associativo allege the SAF used revenue advances and new loans on poor terms to hide the club’s real financial picture.
- Textor had secured the first-instance extinction of the case on March 25, but the second-instance decision preserved the protective measures and undercut that tactic.
- The SAF’s balance sheet due this month is expected to show roughly R$ 2.7 billion in liabilities, and reports say the management fight could trigger player exits in the next transfer window.