IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.07▼ 0.41% USD/MXN17.40▼ 0.17% USD/CLP934.68▲ 0.02% USD/COP3,220▼ 1.50% USD/PEN3.39▲ 0.11% USD/ARS1,478▼ 0.27% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.07▲ 0.40% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 1.28% BRENT 91.15 ▲ 2.16% WTI 84.41 ▲ 1.42% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.64% GOLD 4,072 ▲ 1.54% SILVER 59.05 ▲ 3.95% SOY 1,223 ▼ 0.27% CORN 475.50 ▲ 5.78% WHEAT 678.00 ▲ 0.59% COFFEE 322.80 ▼ 3.47% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 141.95 ▼ 3.70% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 223.08 ▼ 1.52% CATTLE 344.95 ▼ 2.00% LITHIUM 69.20 ▲ 3.40% PETR4 41.61 ▲ 1.12% VALE3 72.33 ▲ 0.56% ITUB4 42.42 ▲ 0.28% BBDC4 18.54 ▲ 0.71% ABEV3 15.85 ▲ 0.38% BBAS3 20.67 ▲ 2.48% B3SA3 15.11 ▼ 0.98% WEGE3 42.64 ▼ 1.14% PRIO3 58.51 ▲ 1.42% SUZB3 41.46 ▼ 1.03% RENT3 36.68 ▼ 2.16% AZZA3 17.76 ▼ 2.26% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.81 ▼ 1.04% PSSA3 53.24 ▼ 1.77% CVCB3 1.14 ▲ 5.56% POSI3 3.72 ▲ 0.54% SLCE3 13.61 ▲ 0.29% NATU3 8.75 ▲ 1.39% BRKM5 5.82 ▼ 2.02% RANI3 7.89 ▼ 1.25% CSNA3 5.07 — 0.00% CMIN3 5.45 ▲ 1.11% USIM5 8.42 ▲ 3.19% GGBR4 23.63 ▲ 0.04% ENEV3 25.30 ▼ 1.36% CPFE3 46.46 ▲ 0.30% CMIG4 11.03 ▲ 0.09% EQTL3 38.54 ▼ 1.91% LREN3 13.17 ▼ 1.05% VIVT3 35.46 ▼ 0.59% RAIL3 13.25 ▼ 2.36% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.45 ▼ 1.28% RDOR3 33.60 ▼ 5.22% HAPV3 11.13 ▼ 3.64% FLRY3 16.37 ▼ 1.15% SMTO3 15.41 — 0.00% UGPA3 31.62 ▼ 0.25% VBBR3 33.70 ▼ 1.20% BBSE3 41.11 ▲ 0.15% BPAC11 55.49 ▼ 0.63% CURY3 29.62 ▼ 1.89% AERI3 2.05 ▼ 0.97% VIVARA 21.29 ▼ 3.05% COMPASS 24.36 ▼ 0.98% VAMOS 3.09 — 0.00% SANB11 27.20 ▲ 0.70% ASAI3 8.19 ▲ 0.61% SBSP3 28.60 ▼ 1.31% WALMEX 49.27 ▼ 0.22% GMEXICO 206.98 ▲ 3.06% FEMSA 226.10 ▼ 0.38% CEMEX 21.87 ▼ 0.05% GFNORTE 186.17 ▲ 3.43% BIMBO 59.04 ▼ 0.77% TELEVISA 9.74 ▲ 0.31% AMX 22.69 ▼ 0.22% GAP 377.06 ▼ 0.30% ASUR 273.18 ▼ 0.43% OMA 224.56 ▼ 0.83% KOF 180.78 ▼ 0.02% GRUMA 283.74 ▼ 1.34% KIMBER 38.11 ▼ 0.73% SQM-B 64,922 ▲ 2.85% COPEC 6,365 ▲ 2.66% BSANTANDER 79.39 ▲ 4.34% FALABELLA 5,902 ▲ 0.46% ENELAM 84.01 ▼ 0.12% CENCOSUD 2,022 ▲ 1.38% CMPC 1,083 ▲ 1.59% BANCO CHILE 191.00 ▲ 2.42% LATAM AIR 24.35 ▼ 0.25% YPF 80,200 ▲ 1.26% GGAL 8,010 ▲ 2.10% PAMPA 5,455 ▲ 3.51% TXAR 665.50 ▼ 0.75% ALUAR 967.00 ▲ 0.78% TGS 9,805 ▲ 3.21% CEPU 2,352 ▲ 2.75% MIRGOR 16,750 ▼ 2.19% COME 43.02 ▲ 0.16% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,225 ▲ 1.93% ECOPETROL 16.46 ▲ 2.65% BANCOLOMBIA 83.61 ▲ 3.45% GRUPO AVAL 5.02 ▲ 1.31% CREDICORP 394.61 ▲ 2.00% SOUTHERN COPPER 186.07 ▲ 6.28% BUENAVENTURA 31.27 ▲ 4.03% MERCADOLIBRE 1,817 ▼ 0.84% NUBANK 14.26 ▲ 1.93% XP 16.72 ▼ 0.51% PAGSEGURO 9.53 ▲ 2.53% STONE 11.25 ▲ 1.12% GLOBANT 31.94 ▼ 1.10% TECNOGLASS 45.78 ▼ 0.72% GAP AIRPORT 216.95 ▼ 0.08% ASUR 273.18 ▼ 0.43% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.01 ▼ 0.34% FEMSA ADR 129.80 ▼ 0.16% CEMEX ADR 12.58 ▲ 0.68% PETROBRAS ADR 18.48 ▲ 1.57% VALE ADR 14.24 ▲ 0.99% ITAU ADR 8.36 ▲ 0.42% SANTANDER BR 5.40 ▲ 0.47% AMBEV ADR 3.11 ▲ 0.97% CSN 1.02 ▲ 0.50% GERDAU 4.66 ▼ 0.53% LATAM ADR 52.05 ▲ 0.60% BTC 66,184 ▲ 1.46% ETH 1,919 ▲ 0.78% SOL 77.68 ▼ 0.14% XRP 1.16 ▲ 3.91% BNB 572.87 ▲ 0.37% ADA 0.17 ▲ 2.13% DOGE 0.07 ▲ 1.61% AVAX 6.61 ▲ 0.51% LINK 8.62 ▲ 0.45% DOT 0.85 ▲ 3.37% LTC 47.27 ▼ 0.14% BCH 224.87 ▲ 2.26% TRX 0.33 ▲ 0.53% XLM 0.19 ▲ 2.95% HBAR 0.07 ▲ 3.26% NEAR 1.93 ▼ 2.15% ATOM 1.49 ▼ 0.14% AAVE 95.34 ▲ 6.20% SELIC 14.25% EMBRAER 83.21 ▼ 0.10% EMBRAER ADR 65.69 ▼ 0.36% JBS 11.87 ▼ 1.37% JBS BDR 60.20 ▼ 0.97% MBRF3 15.23 ▲ 4.89% MBRFY 2.96 ▲ 1.72% INTER 5.55 ▼ 1.33% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.47% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY163.09▲ 0.36% USD/CNY6.76▼ 0.17% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.08% GBP/USD1.34▼ 0.49% SPX 7,511 ▲ 0.92% DJI 52,250 ▲ 0.79% NDX 29,170 ▲ 1.98% RUT 2,980 ▲ 1.28% TSX 35,318 ▲ 1.02% VIX 17.05 ▼ 8.58% USD/CAD1.41▲ 0.26% US10Y 4.6300 ▲ 0.70% IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.07 ▼ 0.41% USD/MXN 17.40 ▼ 0.18% USD/CLP 934.68 ▲ 0.02% USD/COP 3,220 ▼ 1.50% USD/PEN 3.39 ▲ 0.11% USD/ARS 1,478 ▼ 0.27% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.07 ▲ 0.40% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 1.28% BRENT 91.15 ▲ 2.16% WTI 84.41 ▲ 1.42% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.64% GOLD 4,072 ▲ 1.54% SILVER 59.05 ▲ 3.95% SOY 1,223 ▼ 0.27% CORN 475.50 ▲ 5.78% WHEAT 678.00 ▲ 0.59% COFFEE 322.80 ▼ 3.47% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 141.95 ▼ 3.70% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 223.08 ▼ 1.52% CATTLE 344.95 ▼ 2.00% LITHIUM 69.20 ▲ 3.40% PETR4 41.61 ▲ 1.12% VALE3 72.33 ▲ 0.56% ITUB4 42.42 ▲ 0.28% BBDC4 18.54 ▲ 0.71% ABEV3 15.85 ▲ 0.38% BBAS3 20.67 ▲ 2.48% B3SA3 15.11 ▼ 0.98% WEGE3 42.64 ▼ 1.14% PRIO3 58.51 ▲ 1.42% SUZB3 41.46 ▼ 1.03% RENT3 36.68 ▼ 2.16% AZZA3 17.76 ▼ 2.26% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.81 ▼ 1.04% PSSA3 53.24 ▼ 1.77% CVCB3 1.14 ▲ 5.56% POSI3 3.72 ▲ 0.54% SLCE3 13.61 ▲ 0.29% NATU3 8.75 ▲ 1.39% BRKM5 5.82 ▼ 2.02% RANI3 7.89 ▼ 1.25% CSNA3 5.07 — 0.00% CMIN3 5.45 ▲ 1.11% USIM5 8.42 ▲ 3.19% GGBR4 23.63 ▲ 0.04% ENEV3 25.30 ▼ 1.36% CPFE3 46.46 ▲ 0.30% CMIG4 11.03 ▲ 0.09% EQTL3 38.54 ▼ 1.91% LREN3 13.17 ▼ 1.05% VIVT3 35.46 ▼ 0.59% RAIL3 13.25 ▼ 2.36% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.45 ▼ 1.28% RDOR3 33.60 ▼ 5.22% HAPV3 11.13 ▼ 3.64% FLRY3 16.37 ▼ 1.15% SMTO3 15.41 — 0.00% UGPA3 31.62 ▼ 0.25% VBBR3 33.70 ▼ 1.20% BBSE3 41.11 ▲ 0.15% BPAC11 55.49 ▼ 0.63% CURY3 29.62 ▼ 1.89% AERI3 2.05 ▼ 0.97% VIVARA 21.29 ▼ 3.05% COMPASS 24.36 ▼ 0.98% VAMOS 3.09 — 0.00% SANB11 27.20 ▲ 0.70% ASAI3 8.19 ▲ 0.61% SBSP3 28.60 ▼ 1.31% WALMEX 49.27 ▼ 0.22% GMEXICO 206.98 ▲ 3.06% FEMSA 226.10 ▼ 0.38% CEMEX 21.87 ▼ 0.05% GFNORTE 186.17 ▲ 3.43% BIMBO 59.04 ▼ 0.77% TELEVISA 9.74 ▲ 0.31% AMX 22.69 ▼ 0.22% GAP 377.06 ▼ 0.30% ASUR 273.18 ▼ 0.43% OMA 224.56 ▼ 0.83% KOF 180.78 ▼ 0.02% GRUMA 283.74 ▼ 1.34% KIMBER 38.11 ▼ 0.73% SQM-B 64,922 ▲ 2.85% COPEC 6,365 ▲ 2.66% BSANTANDER 79.39 ▲ 4.34% FALABELLA 5,902 ▲ 0.46% ENELAM 84.01 ▼ 0.12% CENCOSUD 2,022 ▲ 1.38% CMPC 1,083 ▲ 1.59% BANCO CHILE 191.00 ▲ 2.42% LATAM AIR 24.35 ▼ 0.25% YPF 80,200 ▲ 1.26% GGAL 8,010 ▲ 2.10% PAMPA 5,455 ▲ 3.51% TXAR 665.50 ▼ 0.75% ALUAR 967.00 ▲ 0.78% TGS 9,805 ▲ 3.21% CEPU 2,352 ▲ 2.75% MIRGOR 16,750 ▼ 2.19% COME 43.02 ▲ 0.16% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,225 ▲ 1.93% ECOPETROL 16.46 ▲ 2.65% BANCOLOMBIA 83.61 ▲ 3.45% GRUPO AVAL 5.02 ▲ 1.31% CREDICORP 394.61 ▲ 2.00% SOUTHERN COPPER 186.07 ▲ 6.28% BUENAVENTURA 31.27 ▲ 4.03% MERCADOLIBRE 1,817 ▼ 0.84% NUBANK 14.26 ▲ 1.93% XP 16.72 ▼ 0.51% PAGSEGURO 9.53 ▲ 2.53% STONE 11.25 ▲ 1.12% GLOBANT 31.94 ▼ 1.10% TECNOGLASS 45.78 ▼ 0.72% GAP AIRPORT 216.95 ▼ 0.08% ASUR 273.18 ▼ 0.43% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.01 ▼ 0.34% FEMSA ADR 129.80 ▼ 0.16% CEMEX ADR 12.58 ▲ 0.68% PETROBRAS ADR 18.48 ▲ 1.57% VALE ADR 14.24 ▲ 0.99% ITAU ADR 8.36 ▲ 0.42% SANTANDER BR 5.40 ▲ 0.47% AMBEV ADR 3.11 ▲ 0.97% CSN 1.02 ▲ 0.50% GERDAU 4.66 ▼ 0.53% LATAM ADR 52.05 ▲ 0.60% BTC 66,184 ▲ 1.46% ETH 1,919 ▲ 0.78% SOL 77.68 ▼ 0.14% XRP 1.16 ▲ 3.91% BNB 572.87 ▲ 0.37% ADA 0.17 ▲ 2.13% DOGE 0.07 ▲ 1.61% AVAX 6.61 ▲ 0.51% LINK 8.62 ▲ 0.45% DOT 0.85 ▲ 3.37% LTC 47.27 ▼ 0.14% BCH 224.87 ▲ 2.26% TRX 0.33 ▲ 0.53% XLM 0.19 ▲ 2.95% HBAR 0.07 ▲ 3.26% NEAR 1.93 ▼ 2.15% ATOM 1.49 ▼ 0.14% AAVE 95.34 ▲ 6.20% SELIC 14.25% EMBRAER 83.21 ▼ 0.10% EMBRAER ADR 65.69 ▼ 0.36% JBS 11.87 ▼ 1.37% JBS BDR 60.20 ▼ 0.97% MBRF3 15.23 ▲ 4.89% MBRFY 2.96 ▲ 1.72% INTER 5.55 ▼ 1.33% EGX 53,990 ▲ 1.63% USD/ZAR 16.45 ▼ 0.30% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.02 ▲ 0.35% USD/CNY 6.7554 ▼ 0.03% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1410 ▼ 0.04% GBP/USD 1.3385 ▼ 0.31% SPX 7,511 ▲ 0.92% DJI 52,250 ▲ 0.79% NDX 29,170 ▲ 1.98% RUT 2,980 ▲ 1.28% TSX 35,318 ▲ 1.02% VIX 17.05 ▼ 8.58% USD/CAD 1.4102 ▲ 0.17% US10Y 4.6300 ▲ 0.70%
since 2009
Tuesday, July 21, 2026

Brazil Election Watch

Ex-President Andrés Sánchez Expelled from Corinthians Members Roll

By · May 30, 2026 · 6 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

BRAZIL · FOOTBALL GOVERNANCE

Saturday, May 30, 2026 — 03:00 BRT — By Oliver Mason

Key Facts

The decision: The Corinthians council expelled Andrés Sánchez from the club’s member roll on Monday at the Parque São Jorge headquarters.

The vote: The result was 112 in favour, 49 against, and 6 abstentions, with 167 council members voting.

The reason: An ethics-commission report found around R$480,000 ($95,000) of corporate-card spending during his 2018 to 2021 presidency lacked documented institutional purpose.

The challenge: Sánchez’s legal team called the procedure irregular, citing the same official chairing both the ethics commission and the vote, and an open ballot where the statute calls for secret.

Latin American impact: The vote tightens governance precedent across Brazilian football clubs at a time of major foreign-investment activity in the sector.

The Corinthians council voted on Monday to expel Andrés Sánchez, twice the club’s president, from its member roll. The 112-49 result, with six abstentions, removed one of the most powerful figures in Brazilian football from the club he led for nine of the past nineteen years. The Corinthians expulsion concerns roughly R$480,000 ($95,000) in corporate-card spending during his third presidency that the ethics commission found inadequately documented.

Arena Corinthians (Itaquerão) — the club's stadium and Brazilian football governance backdrop to the Corinthians expulsion vote
Arena Corinthians (Itaquerão), São Paulo — the club’s stadium amid the governance debate around the Corinthians expulsion. Photo: Wagner Tamanaha / CC BY-SA 2.0.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

How Andrés Sánchez was expelled from Corinthians

The session was held at Parque São Jorge, the club’s social headquarters in the Tatuapé district of São Paulo. Council members debated the ethics-commission report for several hours before the vote, with Sánchez represented by three lawyers and not attending personally.

The vote total was 167 council members. 112 voted in favour of expulsion, 49 voted against, and six abstained. The recommendation from the ethics commission, signed unanimously, had concluded that the spending in question constituted conduct incompatible with the statutory duties of a club member.

Council president Leonardo Pantaleão said after the session that the ethics commission’s findings could not be treated as a mere bureaucratic irregularity and that the case compromised institutional credibility. The vote was open and nominal rather than secret.

The R$480,000 ($95,000) corporate-card case behind the Corinthians expulsion

The ethics commission examined corporate-card spending between August 2018 and February 2021, during Sánchez’s third term as club president. The total under review was around R$480,000 ($95,000) at the current Banco Central do Brasil rate of about R$5.03 per dollar.

Sánchez’s defence argued that he used the club’s corporate card by mistake, confusing it with a personal card from the same bank, and that the Corinthians had no formal internal policy regulating corporate-card use at the time. He also said that some of the spending was institutional in purpose and that part of the amount had been reimbursed to the club.

The ethics-commission report concluded that Sánchez did not provide sufficient documentation of institutional purpose for the contested transactions. The Corinthians statute requires club members to demonstrate proper use of corporate resources, the commission noted.

The Sánchez challenge to the Corinthians expulsion

The legal team representing Sánchez issued a statement of formal disagreement after the session. The firm Fernando José da Costa Advogados, which handles his defence, said the procedure was marked by serious irregularities.

The two specific points raised concern the conduct of the session itself. The first is that council president Pantaleão also chaired the ethics commission that produced the expulsion recommendation, then presided over the council session that voted on that recommendation. The defence argues this is a conflict of process.

The second is that the vote was open and nominal, with each council member’s vote recorded by name. The defence cites the club statute as requiring a secret ballot for expulsion proceedings, with the open format unauthorised by the convening notice.

Who Andrés Sánchez is in Brazilian football

Sánchez served twice as Corinthians president, from 2007 to 2011 and again from 2018 to 2020. He led the political faction Renovação e Transparência, which controlled the club for sixteen years and is one of the most consequential governing groups in the modern era of Brazilian football.

The 2012 Libertadores triumph and the 2012 FIFA Club World Cup were won during his first presidency. He was also federal deputy for São Paulo state from 2015 to 2019, a biographical detail that has surfaced in discussion of his broader public profile but is unconnected to the council vote.

He retains a separate position as a lifetime council member with a seat on the Conselho de Orientação (CORI), distinct from the associate-member status that the expulsion removes. The CORI seat will be the subject of a separate procedural assessment.

Background: the Brasileirão.

What the Corinthians expulsion means beyond the club

The decision lands at a moment of structural change in Brazilian football governance. Several large clubs have converted to the Sociedade Anonima do Futebol corporate model since 2021, and foreign capital, including the Saudi royal investment in Inter de Limeira announced this week, is reshaping ownership norms.

The Corinthians has not converted to a SAF and remains under the traditional associative-club model. The Sánchez vote sets a precedent for how the statute can be applied to former presidents under that older model, in a way that the SAF clubs handle through corporate-governance frameworks instead.

Sánchez retains the right to challenge the decision in court, and the procedural objections raised by his defence are likely to form the basis of any judicial action. The result of any subsequent legal process will not change the council vote but could affect its enforceability.

Frequently Asked Questions

What did the Corinthians council vote on?

A motion to expel former president Andrés Sánchez from the club’s associate-member roll, following an ethics-commission recommendation. The result was 112 in favour, 49 against, and 6 abstentions out of 167 votes cast.

What is the spending figure under review?

Around R$480,000 ($95,000) in corporate-card transactions between August 2018 and February 2021 during Sánchez’s third presidency. The ethics commission found insufficient documentation of institutional purpose.

What does Sánchez say in response?

He says the card was used by mistake, that the club had no internal regulations for corporate-card use, that some spending was institutional, and that part of the amount was reimbursed. His lawyers also dispute the session’s procedure as a separate ground.

Does this affect his other club positions?

It removes his associate-member status. His lifetime seat on the Conselho de Orientação is a separate position and will require a separate procedural assessment.

Will he challenge the expulsion in court?

His legal team has signalled it will pursue further action on the procedural grounds it raised. Any court process would test the council’s authority but would not by itself reverse the vote.

Connected Coverage

For more on Brazilian football ownership, read our piece on the Saudi royal investment in Inter de Limeira. For the continental view, see our coverage of the Libertadores 2026 round of 16 draw.

The Rio Times — Saturday, May 30, 2026 — 03:00 BRT — By Oliver Mason

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.