On Tuesday, the club was notified by the court and must settle the debt with the Swiss fund AIS Investment Fund within five days to avoid ruin.
Now then, what does it mean to go bankrupt? The club emphasizes that for this to be declared, there must be a cessation of payments, that is, a situation where the institution’s assets are insufficient to regularly meet its obligations.
For the moment, the Ciclón is not in that scenario: its employees continue to receive their salaries, despite the delicate economic situation and some delays with the professional team.
And what does bankruptcy entail? Once declared, the court appoints a trustee responsible for managing its economy. This figure takes over the management of the institution’s assets…