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Flamengo finally pay September wages

VIPCOMM

Flamengo have deposited payment for September's wages into their staff's accounts on Friday evening, according to an official club press release.

The wages, which were withheld due to the club's latest financial predicament, should go someway to appeasing the players anger at the club's recent mismanagement.

The club are waiting on a response from TV Globo over £6.5 million (R$20 million) of withheld payments due for broadcasting rights, but blocked due to the club's debts incurred between 2007 and 2009.

Deputy director of finance Michel Levy met with executives of the network on Thursday, the day the club finally paid October's wages, and was confident enough of the outcome to authorise payment of backdated wages on Friday.

The decision over broadcasting rights payment now rests in the hands of the TV Globo board, who could still reject Flamengo's request.

The club have recently taken out approximately £5 million (R$15 million) in loans and saw attempts last week to secure further financing rejected.

It was reported on Wednesday that Vagner Love, Flamengo's highest earner, had been offered to rivals Corinthians by his management earlier this week after becoming disillusioned with the club's failures.

 
 

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