Desperate: Moretti seeks to halt bankruptcy and has submitted a payment plan to the court

Desperate: Moretti seeks to halt bankruptcy and has submitted a payment plan to the court
Moretti wants to buy time
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Argentina

San Lorenzo's president assures that the club has sufficient assets and has proposed a payment plan to buy time

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Amid an institutional crisis that extends beyond the field, the president of San Lorenzo, Marcelo Moretti, appeared before the courts this Wednesday accompanied by his lawyer to try to block the bankruptcy petition filed by the Swiss fund AIS Investment Fund, which is claiming approximately 4.7 million dollars. Moretti argues that the club's financial situation doesn't justify dissolution and, for this reason, he submitted a payment plan to address the debt.

According to the documents submitted to the court, El Ciclón owns assets and players' federative rights valued at more than 90 million dollars, an amount far exceeding the sum demanded by AIS. In addition, the president's lawyers pointed out that the fund omitted prior requisitions such as the freezing of accounts before requesting bankruptcy.

The offer presented includes an immediate payment of 1.5 million dollars, pending amounts to be collected from the transfers of Agustín Martegani (700 thousand dollars), Iván Leguizamón (400 thousand dollars), and Elián Irala (1 million dollars); and three semiannual installments of 500 thousand dollars financed with income from fans' season ticket sales.

Moretti presentó un plan de pagos para evitar la quiebra
Moretti presentó un plan de pagos para evitar la quiebra

If an agreement or partial payment is not reached before the deadline, which expires this Wednesday, the possibility of the club being declared bankrupt will become a reality.

The economic crisis adds to weeks of severe political instability. Moretti, who was reinstated by court order after a period of vacancy, explained that he did not travel with the squad to Tucumán in order to fully focus on resolving the financial conflict.

Meanwhile, the executive remains in office and seeks to maintain the club's governance amid an increasingly tense atmosphere. Last Monday, he even had to leave the club's headquarters escorted by the police. Now, his priority is to buy time and prevent an economic dispute from ending in the worst possible outcome: San Lorenzo's bankruptcy.


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