Corinthians publishes an official note on the disclosed BMG minutes; read in all

Corinthians published an official note late Friday morning on the minutes of the special meetings of the BMG board of directors. In his official position, Corinthians reaffirmed that he had received $ 30 million from BMG and projected an even higher annual profit over the five-year period.

partnership with the bank. This is based on the expectation of engagement of fans with the services that will be launched by the financial institution exclusively dedicated to fans of Timão.

The main question of fans on social networks before the leak of the minutes, was not mentioned in the note Corinthians R

See the official note published by Corinthians

Sports clubs Corinthians Paulista and Banco BMG clarify the partnership agreement between the two, beginning with the release of the minutes of the meeting. of the Board of the Bank:

1. The detailed values ​​of the contract, according to the management standards of the Bank, as they were exposed by its principal shareholder at the conference of press, should remain confidential until the formalization of internal procedures

2. As a result, the Club has always indicated, in addition to the profit-sharing, only when it contract amounts, the amount of the initial advance of R $ 30 million. This amount was actually deposited in the club's treasury this week.

3. The club council has always emphasized that it was an innovative contract, in which Corinthians required a significant share of the results of the partnership and a collaboration important to relieve its monetary pressure.

4. The solution was ideal: we were able to participate in half of the profits generated by our fan base over the next 5 years and we fully benefited from the value needed to carry out the recruitment cycle of players. As with any financial market negotiation, the more the negotiator is convinced of the success of the partnership, the more it is necessary to share the benefits and the less he fights for guaranteed minimums. The conservative projections of the final result of the badociation already during the first year of the contract had a floor of 30 million euros. Given the loyalty of those early days, by opening accounts and participating in social media events, it was possible to predict that the results would be even better than expected.

6. We insist on the thesis that it is the best contract we have ever had and that Fiel's commitment to opening accounts on our platform will prove this. truth. The fact that other clubs are already knocking on the door of the Bank to sign similar contracts testifies to the innovative merit of this partnership.

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Corinthians Sponsor and Corinthians Board of Directors.