You are viewing a single comment's thread from:

RE: LeoThread 2024-12-11 16:22

in LeoFinancelast month

Part 4/9:

Flamengo currently finds itself in a fragile financial position amidst leadership transitions. The new management is still familiarizing itself with the club's financial landscape and has yet to finalize discussions around a transition of power from outgoing president Landinho to the new administration. Many delicate issues remain, including the club's extensive obligations towards contracts, potential renovations for the Maracanã, and existing debts that could heavily influence future expenditures on player signings.

As it stands, management at Flamengo is tentative regarding major signings, especially considering they have several imminent payments tied to existing player contracts. The emphasis currently lies on balancing books rather than splashing the cash on high-profile players.