Corinthians pays outstanding salaries and image rights by May

This Thursday, the Corinthians made the deposit of all outstanding amounts from the Severance Pay Guarantee Fund (FGTS) of the current squad. In addition, the club paid the CLT salary of all employees, including athletes, and the image rights of the players until the month of May.

According to information from geCorinthians paid off around 11 overdue installments of the FGTS for the squad relating to last year, in addition to the payments for January and February. The four installments due between April and June were paid this Thursday.

The FGTS regularization occurred after the players Arthur Sousa It is Gustavo Mosquito filed a lawsuit in the Labor Court requesting the termination of their contracts due to lack of payment of installments. The request was denied, and both parties continue to have valid contracts with Timão. The General Sports Law provides for the lack of payment of FGTS and social security contributions as justifications for the termination of sports contracts.

Pedro Silveirapresented on Wednesday as the new financial director, mentioned that the priority was to regularize the players' late payments. “One thing that needs to be done is to settle the main team's arrears, this is something that is in the plan as soon as the first contribution is received. We are waiting for the first one now. But soon we will bring a more precise assessment of what will be done”said Silveira.

With financial problems, Corinthians is waiting for the money from the fine for goalkeeper Carlos Miguel, who will play for Nottingham Forest, in England, and around R$150 million in advance for signing the sale of broadcasting rights to Liga Forte União, to settle other debts and speed up the arrival of reinforcements.

Still without a coach, Corinthians is monitoring the market in search of players to strengthen the squad. President Augusto Melo has promised the arrival of at least four reinforcements to be starters. Hugo Souza has already been announced, while Alex Santana has an agreement in place.