Botafogo Protocola Request for Judicial Recovery After Elimination
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American tycoon John Textor took Brazil’s Botafogo to the top in 2024, but now its exit through the back door seems imminent, amid debts, lawsuits and the interest of new investors. Textor bought the Botafogo in 2022 with an injection of funds that catapulted the club of Rio de Janeiro to win a historic double two years later: the Copa Libertadores and Brasileirão. However, the Fogão went into barrena and currently faces an estimated debt of 2.7…
Botafogo confirmed this Thursday that it presented a request for judicial recovery as part of a financial reorganization process that seeks to guarantee the institutional and sporting continuity of the club. The decision was announced through an extensive communiqué disseminated on social networks, where the SAF Botafogo explained that it is going through an extremely delicate economic scenario, marked by problems of liquidity, financial blockad…
In a note published on Thursday night (14/5), the club criticized the management of John Textor
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