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Augusto Melo reveals debt and talks about Gabigol at Corinthians: “It was right”

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3 months ago

February 20, 2024

Clare Dominic

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Augusto Melo reveals debt and talks about Gabigol at Corinthians: “It was right”

In an interview, the president of Corinthians, Augusto Melo revealed the value of the club's debt and spoke about the negotiation with Gabigol

The beginning of management Augusto Melo as president of Corinthians It was very busy, generating expectations at first, but showing the real situation shortly afterwards. The agent explained some of the controversies of the first weeks at the club, such as the amount of debt and the frustrated negotiation by Gabigol.

“Gabigol was offered to us, I didn't go after Gabigol. I have always made it clear that Gabigol has our face, has our characteristics. (…) We got everything right, we even waited for a while for it. Practically everything was fine. We wait for a while and there comes a time when I'm going to give up, I can't“, said Augusto in an interview with the podcast “Quebrada FC”.

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The president also commented on Timão's current debt amounts. Admitting to having exceeded R$ 2 billion, Melo criticized the end of the management of Duílio Monteiro Alvesbut guaranteed that it is still possible to pay the billion-dollar amount in question.

“More than R$2 billion in debt, you saw what came out of the business owners. More will come out. (Duílio) signed the debt confession, signed contracts that would bring us income, signed contracts until 2030, contracts that expired in 2025, why renew for two, three days before we take office? (…) It's payable, Corinthians is very big, has a wonderful, consumerist fan base, has a strong brand that brings a return to any type of investment. What is enough is credibility“, added the president.

President of Corinthians spoke about negotiations with Gabigol — President of Corinthians spoke about the negotiation with Gabigol – Getty Images

Despite all this, Augustus He also hired ten new players, hired a new coach and seeks to improve the team on the field. The team's next challenge will be against Cianortethis Thursday, 22nd, at 8pm (Brasília time), for the first phase of the Copa do Brasil.

Augusto melo, hardcore challenge, I dare you to play yellow cow with me, come on. Yellow cow shit in the pan 3 stirred 4 ate Whoever talks shit first on TV or on a podcast will eat all her shit WORTH IT
— Contrary Curtains | Mateus (@Snaihtniroccccc) February 20, 2024
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Augusto Melo reveals debt and talks about Gabigol at Corinthians: “It was right”

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Augusto Melo reveals debt and talks about Gabigol at Corinthians: “It was right”