Overview
- Textor called an Extraordinary General Assembly on Saturday for April 20 to vote on a R$125 million capital increase, with a court fight still pending over whether the court‑appointed administrator can vote.
- An independent valuation released Saturday by Meden Consultoria found the SAF’s economic value is negative by about R$489 million and flagged a severe short‑term cash crunch.
- The report says short‑term liabilities near R$1.6 billion exceed available assets, pointing to weak liquidity and a working‑capital gap that heightens near‑term default risk.
- Operating costs reached R$892 million in 2025 and the SAF posted a R$287 million loss for a third straight annual deficit, showing that recurring income has not covered day‑to‑day expenses.
- The SAF is late on a R$1.4 million installment under the RCE, a court program that bundles labor debts and blocks asset seizures, exposing the club to fines and possible loss of that protection if delays persist.