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Candidate Project Contribution of R$ 5 B to the Corinthians Even if No Election

Summary by UOL
André Castro discovered that the GSP Bank, an investor behind the $1 billion promise, could continue with the business even if he loses the election.
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André Castro discovered that the GSP Bank, an investor behind the $1 billion promise, could continue with the business even if he loses the election.

·Brazil
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Board member André Castro, a presidential candidate for Corinthians, said this Thursday (August 21, 2025) that GSP (Banco de Fomento Mercantil Ltda.) intends to invest up to US$1 billion (approximately R$5.5 billion) in the club if he wins the indirect elections scheduled for Monday (August 25). Castro presented a statement signed by Carlos César Arruda, CEO of GSP Holding, the parent company of GSP Bank of Assets and GSP Gestão de Crédito, duri…

On Friday afternoon (21), the candidate to the President of the Corinthians, André Castro revealed that the GSP Bank of Mercantil Development is willing to make a contribution of up to US$ 1 billion (R$ 5.48 billion) to the São Jorge Park Club. In a collective interview, the candidate revealed details of the possible contribution made by the bank. Read more The President of the Corinthians alfinta Fabinho Soldier: "Don't get" Corinthiansians: wi…

·Brazil
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CNN Brasil broke the news in Brazil on Thursday, August 21, 2025.
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