About published material In an article published today on Globoesporte.com, titled "Flamengo leads in labor debt rankings, but sees a decrease in the number of lawsuits," we hereby clarify that the title misleads the reader. This is because the labor provision recorded in Flamengo's financial statements (December 16), in the amount of R$34 million, should not be confused with the tax provision related to INSS, FGTS, and IRRF, in the amount of R$264 million. This tax provision is part of the debt registered with PROFUT, which is being paid in installments, and is not a labor provision. The title of the article, by combining the two items, conveys the impression that Flamengo still owes former athletes and employees the exorbitant amount of R$300 million, which is not true. 

On the same date, another article appeared on Globoesporte.com, titled "The Burden of Delay: Clubs Register R$2 Billion in Labor Debts and 3 Lawsuits," which addresses the labor debts of the country's 21 largest clubs. It presents two tables with a breakdown of the amounts. The first table, "Labor Debt," adds taxes (INSS, FGTS, and IRRF) and "expected legal losses," totaling R$300,51 million for the CRF; and the second table, "Debt in Court," specifically refers to labor provisions, totaling R$34,86 million for the CRF. At least in this second article, although the sum of taxes and "expected legal losses" (labor provisions) is not correct from an accounting or legal perspective, it is possible to analyze the information separately.

Furthermore, a clarification is also needed regarding the total number of lawsuits reported. Although the TRT (Town Labor Court) reported a total of 190 active lawsuits (base date December 16), we reiterate and detail below the information previously shared with GE.com: currently (July 17), there are 59 lawsuits in the information and appeal phases (where there is an effective judicial discussion on the merits between Flamengo and the plaintiffs). Furthermore, there are approximately 130 (one hundred and thirty) lawsuits in which there is no longer any discussion on the merits. These are divided between executions of INSS and IRRF balances (in which the plaintiffs of the original lawsuits no longer even participate), agreements already made awaiting the issuance of a letter of consent (payment order via the Labor Act balance), and agreements and executions already paid, in which only await archiving and due discharge.