Boavista Makes Crucial Payment to Avoid Closure

Portuguese club Boavista FC made a crucial €55,000 payment to its creditors, confirmed President Rui Garrido Pereira. This timely deposit, made last Monday, was vital to prevent the club from ceasing operations due to insolvency. Fan contributions were instrumental in meeting this urgent financial obligation. Garrido Pereira expressed deep gratitude to supporters, stating their collaboration allowed the club to fulfill its court obligations. He acknowledged Boavista's ongoing 'battle to stay alive' despite being in an insolvent state. The president stressed the continuous need to find solutions for their persistent financial problems. Following a court agreement, Boavista launched a public fundraising campaign, offering various participation levels. This initiative significantly aided in paying the first installment to creditors on schedule. The club continues to seek broader societal support and investor partnerships for a robust financial recovery plan.