investor of Botafogo, John Textor will initially put R$ 50 million as a bridge loan. The alvinegro club already outlines plans to use the money, as detailed on the “GE” website.
Botafogo plans to pay the December payroll, half of the 13th, day-to-day bills and short-term debts. In addition, it will be possible to invest in football. The idea is to increase the payroll, honor commitments and sign players.
If the SAF is approved at a meeting of the deliberative Council Thursday and in general meeting Friday, Botafogo will receive another R$ 100 million in about 60 days from John Textor, who will have 90% of the club’s football assets. He admits the need for more investments to form a strong team.
closer to Brazilian championship, Botafogo will increase its revenue from TV budgets, once it has returned to Série A.
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