Corinthians fan, Moraes donates to crowdfunding to pay off arena
Corinthians has another donor in the campaign to pay off its stadium’s debt: Alexandre de Moraes, minister of the Federal Supreme Court (STF), made a donation to the São Paulo team, according to information from G1.
Started this week, the “fundraising” raised more than R$7.5 million in 24 hours, with Corinthians fans committed to paying off the debt with Caixa Econômica Federal for the Neo Química Arena.
Moraes is a Corinthians fan and received a certificate for participating in the campaign.
How much do you need to live on Dividends?
Take part in the free Dividend Manual training and discover the simple and powerful strategy for living on income.
I WANT MY ACCESS
The minimum donation amount is R$10, but the STF did not share the amount donated by the minister. The attitude caused an uproar on social media and among fans.
See below:
READ ALSO:
- Club president donates R$1,000 to crowdfunding and the web reacts: “Just?”
- Corinthians fans raise R$5 million in 12 hours in crowdfunding to pay off the arena
- How long will it take Corinthians to pay for the arena with crowd funding?
About the “kitty”
The project is planned to last six months. If the target is not reached, the amount will be used to renegotiate and amortize the outstanding debt with Caixa. Donations occur through Pix and go to a specific account at the bank itself. The amount can only be moved after the campaign ends.
If the crowdfunding continues at the fundraising pace of the first 24 hours, the project would take 92 days to reach the goal, that is, just over three months, half of the maximum period established by the crowdfunding organization.
It is worth noting that at no time does the money pass through Corinthians’ coffers. In fact, the club warned fans about fake website addresses that would lead. In total, 36 fraudulent pages have already been taken down by Corinthians’ Information Technology department.
In October, Corinthians signed a Protocol of Intent with Caixa and Gaviões to make the project viable. The stadium’s debt rose by almost R$150 million in the last four years, going from R$566 million in 2020 to R$710 million by the middle of 2024. It originated from the loan taken out by Corinthians in 2014, from the National Bank of Economic and Social Development (BNDES), through Caixa, in the amount of R$400 million.
