Boavista SAD to submit recovery plan to halt liquidation

Boavista's SAD is preparing to submit a new recovery plan to the court in a desperate bid to halt the club's liquidation, according to Record (1). The sports corporation faces a race against time to convince the judiciary that the historic club can still be salvaged financially. With the Estádio do Bessa already placed at auction and the insolvency administrator now seeking to suspend that sale amid creditor disputes, the recovery plan represents one of the few remaining paths to survival. The board's latest legal maneuver comes as the "Panteras Negras" ultras intensify their accusations that the current leadership is presiding over the death of the institution.

Sources

  • 1. record.pt — <![CDATA[ Boavista SAD vai entregar novo plano de recuperação no tribunal para travar liquidação ]]>
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