Tag: Statute
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Libra Distribution Rules: Flamengo’s Statute Defense in TV Revenue Dispute
Overview of the dispute The rift between Flamengo and LiBRA (Liga do Futebol Brasileiro) intensified this week after Flamengo acknowledged a court-ordered blockage of a portion of the TV rights payments for the Brazilian Championship. The money in question would be distributed among LiBRA members. In response, LiBRA issued a formal statement challenging Flamengo’s interpretation…
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Libra Rebutts Flamengo: Revenue Distribution Rule in Statute
Overview of the Flamengo-LiBRA Dispute The latest chapter in the dispute between Flamengo and LiBRA (Liga do Futebol Brasileiro) centers on a court-ordered block on a portion of television rights payments intended for LiBRA members. Flamengo had publicly criticized the decision to suspend a portion of the income and drew media attention to the legal…