Botafogo say club is not liable for all of $68.4m loan after Textor takes $57.9m for Eagle Group
May 14 – Botafogo has borrowed R$333 million to American owner John Textor, but that the club does not face any potentially dangerous liability for the money as it is guaranteed by Textor.
Brazilian media report that Botafogo’s financial accounts show the club took a loan of R$333 million ($68.4 million) from XP Investimentos in 2023, listing it as working capital.
Part of the money was transferred to Belgian club RWD Molenbeek,
The post Botafogo say club is not liable for all of $68.4m loan after Textor takes $57.9m for Eagle Group appeared first on Inside World Football.