THE BALL – Azores in the sights of Santander (Santa Clara)



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Banco Santander is considering moving forward with commitments to see the values ​​it supports in Santa Clara regulated.

At stake is a debt amounting to 5 million euros. SAD is said to be in default on the agreed payment schedule, which has led the bank to consider moving forward with a lawsuit that will focus on the amount related to the sale of the Zaidu pass to FC Porto.

But the bank’s eyes are also on the accounts of SAD and its administrators, in particular the president, Rui Cordeiro, and the proceeds from the television broadcasting rights of the games can also be seized.

Contacted by A BOLA, the administration of the incarnates sent clarifications later. However, a source linked to the trial said that “the commitments do not correspond to the truth”, adding that “neither the accounts of the SAD will be committed, nor the accounts of the administrators will be committed”. The same source indicated that “negotiations are underway in court between the parties to establish a platform of understanding for the renegotiation of the payment of the residual”.

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