June 24, 2024

Cruzeiro on Rodryguinho’s debt: the responsibility of the federation

3 min read
Cruzeiro on Rodryguinho’s debt: the responsibility of the federation

Rodryguinho played for Cruzeiro from 2019 until the start of 2020 (Photo: Alexandre Jozanci/EM/DA Press)

Cruzeiro claimed on Friday (24/2) that the debt owed to Pyramids, from Egypt, for the recruitment of midfielder Rodrigueno is the responsibility of the Civil Union, and not the anonymous Football Association – which includes former player Ronaldo Fenomeno as the majority shareholder. The deadline to repay the US$6 million (31 million R$) debt expired on Thursday (23), leading to the risk of sporting punishment in FIFA, such as the impossibility of registering signatures in the CBF’s daily newsletter.

According to SAF directors Celeste, the Judicial Recovery Plan foresees “total financial support for the association” in the order of R$491 million in 12 years. “The amount and deadline can still be changed based on negotiations and ongoing negotiations with creditors,” Ronaldo’s management explained through an official note.

Read the cruise note

Cruzeiro EC-SAF clarifies that the indebtedness owed to the Egyptian club Pyramids in connection with the purchase of the player Rodrigueno is the exclusive responsibility of Cruzeiro EC (Al-League), and that the participation of the Saudi Football Federation in any negotiations with the creditor club is strictly carried out. The terms of financial support set forth in the SAF investment agreement, signed between the institution and the investor.

Based on the judicial reorganization plan, the SAF estimates that the total financial support for the association will include about R$491 million, within 12 years. The value and term can still be changed based on negotiations and ongoing negotiations between Cruzeiro EC and its creditors.

It should be noted that the approval of the payment terms will follow the legal provisions of Law 11.101/05 at the meeting of the general assembly of creditors, at a date to be determined.

Ronaldo tried to solve the broken problem

Ronaldo had already tried to solve the “Rodrigueno case” in a meeting with Salem Saeed Al Shamsi, head of Pyramids. The Cruzeiro investor disclosed details of the talks to journalist Jesse Carvalho, a newspaper columnist Minas state he is from super sportsduring the Qatar World Cup.

“We have debts with Pyramids, from Egypt, worth 6 million US dollars, I don’t know which ones you haven’t paid. They bought Rodrigueno and didn’t pay, they left this legacy there for me,” said the former midfielder, on November 29, 2022, “We are negotiating with him (Pyramids president) ) to not impose a ban on transfers.

Signed with Rodrigueno

Rodryguinho was signed by Cruzeiro in January 2019 in a deal estimated at US$7 million – R$26 million at the time – spread over three years. The administration of former President Wagner Perez de Sa paid only one type of entry, R$3.85 million, on the 25th of that month.

Other installments are to be paid in November 2019 ($500K), February 2020 ($500K), May 2020 ($1M), August 2020 ($500K), November 2020 ($500K). ) and the last one in January 2022 ($3 million USD), when Rodryguinho’s contract was already going to expire.

At that time, it was super sports Gaining access to documents indicating that Cruzeiro has committed to disbursing R$53 million over the 36-month contract period.

The total amount included the acquisition of economic rights (26.3 million R$), bonuses for players over 36 months (14 million R$), image rights (9.3 million R$) and intermediary commissions (3.4 million R$).

The amount could be greater if Cruzeiro wins the Brazilian championship, Libertadores or Club World Cup in 2019, 2020 or 2021 – or even if Rodryguinho plays 70% of the matches in these competitions. The contract stipulated a bonus of over R$650,000 if the midfielder reached any of these “goals”.

However, Rodryguinho played little for Raposa, as he dealt with a chronic lower back injury in the second half of 2019. In 22 matches, he scored eight goals and provided two assists. In 2020 and 2021, the midfielder defended Bahia. Since 2022, he has been playing in Cuiabá.

Pyramids complaint

On April 24, 2020, Pyramids filed a lawsuit against FIFA, claiming Cruzeiro $3 million in two, three, four, five and six installments. The club also requested that a fine of 10% be applied for each delay and 6% annually for late payment.

On December 8 of the same year, the Football Board of Directors approved the requests of the Egyptian club and included a request for a fine of 300,000 US dollars.

A month later, Rodryguinho’s former team notified Cruzeiro of the last installment of the sale, along with a payment of US$300,000. She was given a ten-day period to vacate, which did not materialize. According to the lawsuit, Pyramids notified FIFA of the default on January 31, 2021.

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