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RE: LeoThread 2024-12-31 17:40

in LeoFinance23 days ago

Part 3/6:

Textor's initial ambition was to restructure the financial framework of the club, which was previously earning about R$ 50 million annually. With an aggressive investment approach, he notably allocated over R$ 90 million for player acquisitions alone—far exceeding the club's typical revenue. This drastic move showcased an intention not just to compete, but to dominate.

Many insiders contended that Textor’s overarching plan involved utilizing funds from various football clubs he already owned, such as the Crystal Palace and Lyon. Though Textor himself refuted the notion of aiming to take Botafogo public on the New York Stock Exchange, the underlying strategy suggested a significant leverage play. The goal was to build a winning club capable of achieving substantial market value.