Atletico holding back on paying players' summer breaks
Atletico's Latest Financial Woes: Unpaid Vacation Time and Image Rights Debts
Hey there, sports fan! The Brazilian soccer club Atletico Mineiro isgetCurrently battling some serious financial headaches. As reported by O TEMPO Sports, the latest issue on the table is the club owing its players for their unpaid vacation time, a claim first made by Band Minas.
The team earned a well-deserved 2-0 victory against Internacional, and were to return after a vacation period initially set for the 26th. However, a new agreement allowed them to resume activities on Monday, the 30th.
In addition to this vacation pay delay, Atletico also has debts relating to image rights that remain unpaid. On the plus side, player salaries are all up to date. When contacted, Atletico stated that they consider this matter to be internal, rather than seeking an external resolution.
This isn't the first time that Atletico has found itself in deep financial waters. The club's majority shareholder, Rafael Menin, and other representatives, have acknowledged the club's long-standing financial struggles. The team is also notorious for having accumulated numerous debts to other clubs due to player purchases, such as an outstanding debt with striker Paulinho, who was recently sold to Palmeiras.
You might be wondering about the larger financial picture behind Atletico's current troubles. Well, as it turns out, the club's net debt has seen a significant increase, soaring from 1.1 billion Brazilian reais to 1.4 billion. This rise is primarily due to bank loans worth 507 million reais and debts related to the Arena MRV stadium, now standing at 446 million reais, down from 527 million in 2023. Despite generating a record revenue of 674 million reais in 2024, Atlético Mineiro still posted a whopping loss of 299.4 million reais, a worsening situation compared to the R$122 million loss in 2023.
- DEBT
- ATLETICO-MG
- FINANCIAL STRUGGLES
Stay tuned for more updates on this developing story. In the meantime, let's dive into the high-octane soccer action and forget about Atletico's financial woes for a bit, eh?
- Alecsander Heinrick
(Enrichment Data: Atlético Mineiro's financial difficulties have persisted, leading to a substantial rise in net debt and compounded financial losses. Despite record revenues, the club reported a loss of 299.4 million reais in 2024, compared to the 122 million loss in 2023. Similar money troubles burdening Brazillian clubs are highlighted in reports involving clubs like Corinthians and their unpaid bonuses and image rights debts to players such as Memphis Depay. )
- In addition to the unpaid vacation time, Atletico Mineiro is also grappling with unpaid debts, specifically image rights debts, exacerbating their ongoing financial struggles.
- Despite its significant financial woes, detailed by growing net debt and substantial losses, Atletico-MG continues to compete in the world of finance, much like they do in sports.
