Corinthians and Caixa sign agreement to negotiate Arena debt

According to Gazeta Esportiva, Corinthians and Caixa have signed a confidentiality term to negotiate the Neo Química Arena debt. Discussions are progressing, reports Globo.

Neo Química Arena, à Subprefecture of Itaquera

Photo: Anderson Bueno Pereira — CC BY-SA 4.0, via Wikimedia Commons (new window)

Corinthians and Caixa Econômica Federal have signed a confidentiality term as part of negotiations over the Neo Química Arena debt, reports Gazeta Esportiva. The two parties are studying alternatives to restructure payment, with the stadium's naming rights among the possible assets.

According to Globo, Caixa has admitted to negotiating with Corinthians and mentioned progress in the conversations. UOL Esporte indicates that a term was signed in the presence of Boulos and Gaviões, and highlights the precautions taken by Caixa in these discussions.

Terra, for its part, specifies that Corinthians is seeking to turn this negotiation into a broader solution to reduce the debt.

Sources

  1. ge (Globo)Caixa admite negociação com o Corinthians e cita avanço nas conversas sobre dívida da Arena (new window)ge.globo.com
  2. UOL EsporteOs cuidados da Caixa ao negociar com o Corinthians (new window)uol.com.br
  3. UOL EsporteCom Boulos e Gaviões, Corinthians e Caixa firmam termo para negociar dívida (new window)uol.com.br
  4. Gazeta EsportivaCorinthians e Caixa avançam em negociações por dívida da Arena e assinam termo de confidencialidade (new window)gazetaesportiva.com
  5. TerraCorinthians negocia com Caixa para reduzir dívida da Neo Química Arena (new window)terra.com.br