Corinthians behind on wages, debt exceeds 50 million reais
According to several Brazilian media outlets, the club has not paid October wages, and its debt to the squad would exceed 50 million reais.
Corinthians has again failed to meet its financial obligations. According to several Brazilian media outlets, the club has not paid October wages to its players and technical staff. Gazeta Esportiva mentions repeated delays, while Placar specifies that image rights and employment contracts are also concerned. The debt to the squad would exceed 50 million reais, according to UOL Esporte and Placar. In addition, the club would also have missed a payment on its debt to the federal state, amounting to 26 million reais, as reported by ge. To remedy this, Terra indicates that the management would try to advance 50 million reais to settle its debts and lift the transfer ban. According to Terra, these delays could allow players to request contract termination.
