O associative Botafogo reached an agreement with John Textor so that there is a contribution of R$ 150 million (US$ 28.5 million at current prices) to the club to pay the transfer ban and maintain cash flow until at least the end of the first half of 2026. The information was provided by journalist Bernardo Gentile, from the “Arena Alvinegra” channel on Monday night (2/2).
João Paulo Magalhães Lins, president of the social club, met with Textor and agreed that Banco BTG Pactual will be responsible for “centralizing all issues and avoiding legal action”. The contribution is expected to arrive by next Thursday.
Textor explained that he is creating a new group to carry out the contribution, with the help of GDA Luma Capital e Hutton Capital. The movement is part of the North American businessman’s plan to separate himself from Eagle/Ares.
Thairo Arruda should not continue at Botafogo
Still according to Bernardo Gentile, the situation of Thairo Arruda is very complicated and he should hardly remain in the position of CEO of the company. SAF. It will be up to Textor to choose a new director when the change – not publicly confirmed – is announced.
