Cruzeiro's debt is apparently close to R$1B. One of the options will be to close the club and reopen it as a corporation. They'd have to start in the 4th division. To make this soap opera worse, they are apparently trying to break the new contract for sponsorship with Adidas. They are switching over from Umbro. The current President believes the new deal is not good enough for the brand. Shirts are scheduled to be on sale on Jan 2nd. Here is the kicker ... Cruzeiro had already advanced 2.5m in royalty fees ! So if they break the contract, they will owe 2.5m + whatever is the amount to break the contract. What a number the previous boards did on the club. Amazing.