Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Can a SIP in a Small Cap Fund Reduce Timing Risk for Long-Term Investors? – ThePrint – ANIPressReleases
    • How To Gift Mutual Funds To Children: Rules, Tax Implications And Process Explained
    • Asset managers dump government bonds at record pace on oil shock
    • Old Mutual Investments appoints board chair and COO
    • Bonds, Stocks Extend Declines as Oil Pushes Higher: Markets Wrap
    • These mutual fund schemes, AMCs are worst hit by high exposure to HDFC Bank as stock crashes 5 pc- The Week
    • Firm unveils tokenised U.S. stocks, ETFs, others
    • Rupeezy Launches Specialized Investment Funds to Bridge the Gap Between Mutual Funds and PMS
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»ðŸ’µ Libra responds after Flamengo takes legal action and ‘freezes’ funds
    Funds

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025


    The Brazilian Football League (Libra) issued an official note of repudiation this Friday (26), against the lawsuit filed by Flamengo in court that blocked the transfer of television funds to the clubs in the bloc.

    The entity accuses the Flamengo board of “damaging harmony” and “insisting on not respecting commitments made and contracts signed.”

    The Blockage and the Contract with Globo

    Flamengo’s lawsuit resulted in an injunction from the Rio court that prevented Globo from making a payment of R$ 77 million to the Libra clubs. This amount would be the second installment related to the 2025 Brazilian Championship broadcast contract. The first deposit, of R$ 76.6 million, had been made in July.

    Advertisement

    The four-year agreement (2025 to 2029) with Globo, signed in March 2024, totals R$ 1.17 billion plus 40% of the net pay-per-view (Premiere) revenue for broadcasting the games where Libra teams are the hosts.

    Reason for the Disagreement

    The point of conflict is the method of distributing the funds among the clubs:

    • 40% divided equally among all first division members.

    • 30% according to the standings in the league table.

    • 30% based on audience ratings.

    Flamengo disagrees with the validity of the 30% share linked to audience ratings, arguing that the statute is not sufficient to determine this payment. Libra states that the topic has already been extensively debated and the majority of members voted to maintain the current format.

    Libra’s Position

    In its note, Libra describes Flamengo’s measure as unilateral and sudden, criticizing the stance that “favors short-term individual interests” to the detriment of other teams, which rely on this money for their cash flow, bill payments, and salaries.

    Advertisement

    The League emphasizes that it will defend in court the legitimacy of collective decisions and the fulfillment of contracts, highlighting that the legal confrontation is directed exclusively at the conduct of the current management of the Flamengo club.

    Libra is composed of: Atlético-MG, Bahia, Flamengo, Grêmio, Palmeiras, Red Bull Bragantino, São Paulo, Santos, Vitória, Paysandu, Remo, ABC, Guarani, and Sampaio Corrêa.

    This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.

    📸 LUIS ROBAYO – AFP or licensors



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Bond Funds That Have Offered Some Inflation Protection

    March 18, 2026

    Bank of Cyprus attracts strong interest from major global investment funds

    March 18, 2026

    ULIPs or Mutual Funds: The Smarter Tax-Saving Choice – Money Insights News

    March 16, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Bonds, Stocks Extend Declines as Oil Pushes Higher: Markets Wrap

    March 20, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Can a SIP in a Small Cap Fund Reduce Timing Risk for Long-Term Investors? – ThePrint – ANIPressReleases

    March 20, 2026

    This makes timing risk an important consideration, especially when investing through a lump sum. A…

    How To Gift Mutual Funds To Children: Rules, Tax Implications And Process Explained

    March 20, 2026

    Asset managers dump government bonds at record pace on oil shock

    March 20, 2026

    Old Mutual Investments appoints board chair and COO

    March 20, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Acutus Medical conclut un accord avec Deerfield Funds et modifie son crédit Par Investing.com

    January 21, 2025

    SEC delays Bitwise BTC & ETH In-Kind ETF Redemptions Ruling

    July 17, 2025

    Institutions Are Deferring Hedge Fund Investments Until 2025

    August 14, 2024
    Our Picks

    Can a SIP in a Small Cap Fund Reduce Timing Risk for Long-Term Investors? – ThePrint – ANIPressReleases

    March 20, 2026

    How To Gift Mutual Funds To Children: Rules, Tax Implications And Process Explained

    March 20, 2026

    Asset managers dump government bonds at record pace on oil shock

    March 20, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.