Palmeiras announced on Monday (2) the termination of its sponsorship contract with Fictor, its second-largest sponsor, due to non-payment and the company's judicial recovery request involving a R$ 4.2 billion debt. The club is owed R$ 2.6 million in the recovery process. Fictor, which attempted to acquire Banco Master in November 2025, blames its troubles on the scandal from the bank's liquidation.
Sociedade Esportiva Palmeiras announced the termination of the sponsorship contract with the Fictor group, signed in March 2025 and valid until 2028, which provided for annual payments of R$ 25 million, potentially reaching R$ 30 million with performance bonuses. Fictor's logo appeared at the top of the shirts for the club's men's and women's teams. The decision was driven by contractual non-compliance and Fictor's judicial recovery request filed on Sunday (1) at the São Paulo Court of Justice, with a total debt of R$ 4.2 billion and over a thousand creditors.
"Sociedade Esportiva Palmeiras informs the termination of the sponsorship contract with Fictor, due to contractual non-compliance and the judicial recovery request made by the group, as provided in the agreement signed between the parties in March 2025. The club is studying the appropriate legal measures to receive the amounts owed by Fictor," the club stated in a release.
Palmeiras learned of the recovery request through the press on Monday morning and said the matter is under legal review to take appropriate actions. The debt to the club was classified as sponsorship and totals R$ 2.6 million. Fictor requested urgent protection to suspend enforcement actions for 180 days, aiming to avoid liquidity pressures.
Founded in 2007, the Fictor conglomerate operates in sectors like finance and food, with 30 ventures valued at over US$ 1 billion. In November 2025, it announced the purchase of Banco Master, blocked by the Central Bank, leading to the bank's liquidation and a run on withdrawals that impacted Fictor's business, according to the company. Other creditors include American Express (R$ 893.1 million) and the Brazilian Athletics Confederation (R$ 500,000).
