The Rio Times
Key Points —Botafogo Recuperação Judicial was filed on April 22 at the 2nd Business Court of Rio de Janeiro by the SAF run by US owner John Textor, with disclosed debt of approximately R$2.7 billion (about US$540 million) and patrimônio líquido already negative. —Roughly R$1.6 billion of that debt matures within 12 months, and the […] The post Libertadores Champion in Court: Botafogo Recuperação Judicial Reshapes Brazilian Football Finance appeared first on The Rio Times .
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