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Luis Paulo Rosenberg, marketing director at Corinthians, admitted that the sponsorship agreement signed between the club and the bank (19659004) had been signed by Luis Paulo Rosenberg (on the right). According to the findings of the recent extraordinary meeting of the bank's board of directors, BMG provides for a fixed payment of $ 12 million per year per year.
See also: BMG's account reveals $ 12 million a year of sponsorship from Corinthians;
In an interview with FOX Sports Radio Rosenberg stated that he had never stated that the agreement, valid for five years, would bring in $ 30 million to Corinthians each season. He also said that the minimum amount of R $ 12 million is "absolutely residual" and that the club expects to receive something close to R $ 40 million of objectives achieved with Banco BMG.
"First of all, we are talking about 30 million reais as fixed, if you reread our previous presentations, even those of the owner of the bank, what we said was this: it is about 'a 50/50 contract benefit from the entry of Corinthians into a specific platform, which will be audited by the auditor appointed by the Corinthians, "said Luis Paulo.
"We have predicted how much it would bring in. As conservative as the numbers are, we have worked with 200,000 subscribers, new accounts, with only three of the bank's 25 products, to reach 40 million rand, 45 million rand What we did and what we have to understand is a partnership agreement, "added Rosenberg.
Read also:
The opposition in Corinthians warns of a repayment risk for BMG and gains transparency
After the controversy, the sponsorship between Corinthians and BMG is removed from the website
Before to conclude the agreement, Rosenberg asked the financial institution to "show confidence" regarding the figures presented by the management of Timão. The bank had to inject $ 30 million into the Corinthian coffers as an advance.
"(…) And they acted in this way anticipating R $ 30 million.I always said that it was an anticipation of the results.Corinthians therefore accepted the possibility of to be a partner, not just an exhibitor of the brand, with the advantage of getting 50% of the profits from this operation.This is something completely unprecedented, and it depends on the loyalty of Fidèle " , repeated the title alvinegro, before coming back to talk about the 12 million R $:
" For us, 12 million R $ are (a value) absolute residual.We are entering into this because of the Hope of profit (…) .Vessoni (Rodrigo, journalist of My Timão ) of the collective m & # 39; asked more precisely: "Is this value fixed or a value that combines, does it fix more ahead? "I said:" It's about the amount of advance in profit forecasts and it includes nd a fixed payment. "
Timon therefore received $ 18 million from the bank in advance for future profits. Half of the revenue generated by the new account holders of "My Corinthians BMG" will be redirected to the club, which will post the bank's mark in the main space of their uniform over the next two years, during the revaluation of the contract
: Corinthians publishes an official note on the disclosed minutes of the BMG bank; read in full
Discover other excerpts from Rosenberg's interview
Lack of transparency
Why did not I disclose everything immediately? You see, in football, we demand full transparency, and I share a lot of that. Now, in the business world, things work a little differently. I have never disclosed the details of the IBM contract, as the contract with Positivo, which involves a fixed value and a variable, has not been disclosed.
Collections of the Opposition
Corinthians has internal operating rules that will be respected as they have always been. The contract will be submitted to the supervisory board, the club's governing board will also review. What I can not do is a broad disclosure by contractual clause.
Marketing actions, Council of Corinthians, Luis Paulo Rosenberg and sponsor of Corinthians.
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