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South America

Argentina mourns loss of World Cup winner César Luis Menotti, 85

May 7 – César Luis Menotti, the charismatic coach who led Argentina to their first World Cup title in 1978, has died at the age of 85, the Argentine Football Association has announced.

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Finance

Botafogo increased borrowings as Textor spreads the cash around

May 7 – Botafogo has borrowed R$333 million ($65.6 million) from American owner John Textor, but not all the cash has remained in the club.

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South America

New medical report casts doubt over cause of Maradona’s heart attack ahead of homicide trial

May 3 – A medical examiner’s report into the death of Argentine legend Diego Maradona has questioned evidence in the criminal negligence case brought against eight medical workers a month before they are set to stand trial for homicide.

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Football Asia

Fluminense debt hits $160m but club shows increased profit

May 2 – Fluminense are the latest Brazilian club to report rising debt levels in their 2023 financial year, now running at more than R$800 million ($156.5 million) in 2023. This is despite the Rio club reporting an operating surplus of R$78 million ($15.3 million).

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Legal

CAS clears Brazil’s Gabigol of attempted anti-doping fraud

May 1 – Flamengo striker Gabriel Barbosa has been cleared to play again, pending an appeal against his ban for a violation of anti-doping rules, the Court of Arbitration for Sport (CAS) said on Tuesday.

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Finance

Santos report rising debt levels as club faces life in Brazil’s second tier

Santos

May 1 – Santos, who were relegated to Brazil’s Serie B last season, have reported rising debt of more than 4%, from R$578 million ($111 million) in 2022, to more than R$600 million in 2023. 

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Finance

Ronaldo exits Cruzeiro ownership with $117m sale to Pedro Figueiredo

April 30 – Brazilian legend Ronaldo has sold his stake in his boyhood club Cruzeiro following criticism over his management. Supermarket chain billionaire Pedro Figueiredo has acquired 100% of the club.

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South America

Botafogo owner Textor receives 45-day ban for Palmeiras match fixing comments

April 29 – Botafogo owner John Textor has been suspended by Brazil’s Supreme Court of Sports Justice (STJD) for 45 days following his allegations of match manipulation by rival club Palmeiras. 

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Football Marketing

Unilever signs on for Copa América 2024 in US to push its personal care brands

Aril 29 – Unilever will be a first-time sponsor for Conmebol’s Copa América that will be played in the US across 14 cities from June 20 to July 14.

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Performance

Marta to quit international football after the Olympics

April 26 – Brazil legend Marta, 38, will retire from international football this year, she confirmed.

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South America

No head for heights: Flamengo lose first match of 2024 to Bolivar

April 25 – In their first defeat of 2024, Brazilian giants Flamengo went down 2-1 to Bolivar to cede the initiative in Group E of the Copa Libertadores to the Bolivian club. 

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Legal

Brazilian judge postpones Textor trial to examine Good Game! report

April 19 – Brazil’s sports tribunal has postponed the trial of Botafogo owner John Textor after the American presented ‘credible’ evidence to back up his allegations of match-fixing.

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Finance

777 Partners under pressure at Vasco da Gama after club demands financial guarantees

April 17 – Vasco da Gama president Pedrinho has demanded assurance from 777 Partners that they can comply with their financial obligations to the club, taking the American owners by surprise.

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South America

CBF benches three refs after opening day decision-making chaos

April 17 – The Brazilian Confederation of Football (CBF) has sidelined three referees after controversial decisions marred the opening day of the Brazilian championship at the weekend.

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South America

Flamengo discuss sale of Gavea site to help finance new stadium proposal

April 16 – In a bid to advance its stadium plans, Brazilian club Flamengo has proposed to use the sale of its site in Gavea as security to raise more than $100 million. 

Read more …

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