The Santa Cruz, still operating as an associative club, currently has a debt of R$ 307.8 million, as disclosed in the 2024 financial statement. Iran Barbosa, one of the investors in SAF, explained to Folha de Pernambuco how the Cobra Coral S/A intends to address this financial challenge. Barbosa stated, “Our plan involves a strategic restructuring of debt, renegotiating terms with creditors, and seeking new partnerships to generate revenue.” This approach aims to stabilize the club’s finances and pave the way for future growth.
Santa Cruz: Iran Barbosa explains process by which SAF plans to pay debts
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