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RE: LeoThread 2025-01-10 17:08

in LeoFinance10 hours ago

Part 2/11:

Flamengo, once regarded as a financial powerhouse in Brazilian football, now finds itself laden with significant debts. Previous management under Landim engaged in aggressive spending, yet the acquisition of a site for a new stadium has drawn a considerable portion of cash reserves, leaving the club with limited funds to invest widely in new signings. The narrative is compounded by reports of million-dollar debts weighing heavily on the club’s financial health.