Menu
Leagues and Governing Bodies

Medida Provisória Requires Clubs To Have Single Bank Account, Clubs Disagree

The lobbying in Brasília to "alter the final text" of the Medida Provisória, signed by Brazilian President Dilma Rousseff that renegotiates the debt of Brasileiro clubs, "has begun," according to Mattoso & Alves of ESPN. Specifically, one of the items "does not satisfy the [club] leaders: the requirement that their teams begin depending on only one bank account," leaving lenders more "guarded" in case of debt recovery. Brasileiro side Coritiba President Rogério Bacellar said, "I don't see how the following makes sense at all: you leave a large bottleneck for the clubs to figure it out. We have an agreement with Caixa bank, for example, and we want to keep that. But, if this goes forward, we will face a scenario in which you will follow money clear [in the account] and then, in minutes, become blocked. It's important to be careful. ... At the end of the day, you won't have any money." To Bacellar's point, Brasileiro side Santos President Modesto Roma added, "It's a problem for different aspects and we need to reflect on this as a result. It's one of the issues we have with the MP. Some things need to be corrected. That's how democracy works" (ESPN, 3/29). 

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2015/03/31/Leagues-and-Governing-Bodies/BR-Club-Bank-Accounts.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2015/03/31/Leagues-and-Governing-Bodies/BR-Club-Bank-Accounts.aspx

CLOSE