Part 6/8:
Furthermore, Belmonte acknowledged public confirmations regarding recurring delays in player image rights payments, attributing them to cash flow difficulties. This issue raises red flags regarding the overall operational capabilities of the management team led by President Júlio Casares.
Moving Forward with Financial Reforms
As São Paulo embarks on this reform journey, cautious optimism surrounds the potential benefits from the investment fund intended to alleviate its fiscal challenges. This strategy is viewed as a “last resort” approach to stabilize the club’s finances.