The director of Alvinegro compared the flow of hiring to real estate financing and quoted Leila Pereira, president of Palmeiras
Botafogo CEO Thairo Arruda has responded to criticism from Rodolfo Landim, Flamengo president. The Rossoneri leader stated that Alvinegro spends more than he earns. Thus, participating in a panel on multiclub networks at the CBF Summit, the Alvinegro leader therefore denied the rival leader’s speech.
“We talk about financial fair play, which I think is very important. All this, this flow of athletes, like Botafogo buying a player for 20 million euros, and Botafogo’s revenue… Even president Landim [do Flamengo] He talked about it a lot: ‘Oh, Botafogo’s revenue is 400 million, how can it go to the market and spend 600 million? You can’t,’ he said.
Investment comparison
Subsequently, Thairo compared the high investments made by SAF do Botafogo to real estate financing.
“But I’ll explain, I’ll give an example and I’ll also make a very interesting analogy. Imagine a professional like us, who earns R$ 20 thousand a month. Over the course of the year, our salary is R$ 240 thousand. I just go there and I buy an apartment for R$500,000. I paid R$100,000 in cash, 20% for the apartment and I financed R$400,000 for that apartment. give me a cost of R$ 4,000 per month. So, from my salary of R$ 20,000 per month I will spend R$ 4,000 and pay the mortgage for my property, I earn another 20 thousand, I can earn R$ 30 thousand or R$ 40 thousand. I go there and I can also sell this apartment that I bought to buy a better one. Or, if I find my job and I no longer earn, I earn another R$50 thousand a month, I can sell the apartment I bought because it is an asset, so let’s do this,” he said.
The Juventus leader also mentioned president Landim.
“So, until the answer to my dear President Landim, when we do the math and say that whoever earns 400 [milhões] I can’t spend 600 [milhões]he is saying that professionals who earn R$240,000 cannot spend R$600,000. Buy the apartment from whoever took over. Well, there is funding for that. This is so we can have a cost of payment and be able to honor these commitments,” he said.
Financial fairplay
Thairo Arruda also spoke about what he believes is correct to implement in Brazil regarding financial fair play.
“Why do I say this analogy? Because in Brazil it is essential to implement financial fair play, but not in this way. The correct way to implement financial fair play is to control payments. Now, if he bought an apartment, he is paying correctly, he is paying on time, so everything is fine, we don’t need to control how much he can spend, but rather the person’s ability to honor the commitments made,” he said.
To conclude, the Juventus leader also quoted the president of Palmeiras, Leila Pereira, who suggested a “light” financial fair play.
“She was pretty much like President Leila [do Palmeiras] mentioned, lightly, financial fair play in Brazil. And I think he meant this, that we control the payment of obligations. And this has a lot to do with our topic, because this very topic of financial fair play has come back to the surface. Because Botafogo went on the market like this”, he concluded.
Follow our content on social media: Bluesky, Threads, Twitter, Instagram and Facebook.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
