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RE: LeoThread 2024-12-14 13:10

in LeoFinancelast month

Part 3/7:

The club's preliminary financial outlook indicated a deficit of R$148 million, exacerbated by a startling increase in liabilities to players and other clubs, jumping from R$44 million to R$119 million. This brought to the forefront the reality that the club has built a more expensive team than it can afford to maintain. The financial challenges are compounded by external factors such as the closure of their home stadium, Beira-Rio, leading to diminished revenue streams.

Implications of Increased Financial Burden