The court requested San Lorenzo's bankruptcy due to a multimillion-dollar debt with AIS Group.

San Lorenzo is going through one of the most delicate moments in its recent history. In parallel with the political turmoil caused by the attempted return of Marcelo Moretti,  the courts have ordered the club to pay a multimillion-dollar debt and have requested its bankruptcy due to noncompliance with commitments made to the Swiss fund AIS Group, based in Luxembourg.

Chamber C of the Commercial Court overturned a previous ruling and emphasized in its decision that "the bankruptcy petition is a declaration of insolvency that is not intended to channel the collection of an individual credit." In this regard, it warned that the cessation of payments affects the entire estate and prevents the debtor from regularly fulfilling its obligations.

The ruling ordered Ciclón to submit a statement and  pay within five business days the sum of 5.3 million dollars, an amount that includes principal, interest, and penalties.

The debt originated between the end of 2019 and the beginning of 2020, at the onset of the coronavirus pandemic. At that time, San Lorenzo received a loan of 4 million dollars in two payments (2.5 million in November 2019 and 1.5 million in February 2020) to cover current expenses and finance the signings of the twins Ángel and Óscar Romero.

Although the club had reached a payment plan with the Swiss fund at the time, the failure to comply with the agreement reactivated the bankruptcy petition. The outcome will now depend on whether the management is able to cover the debt or if the institutional and economic crisis that is severely impacting the blaugrana's present deepens.