Judicial Recovery
A forensic report in Fictor's judicial recovery process uncovered irregularities at addresses of several subsidiaries, raising questions about their inclusion in the restructuring plan. The company argues this could jeopardize its operations, while creditors highlight patrimonial confusion. The São Paulo Court of Justice granted a temporary suspension of executions against the holding.
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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.