What Hugo Motta said about reduce taxes for traditional clubs and match their rates to those of SAFs, conditional on investing 20% in Olympic and Paralympic athlete development

Hugo Motta: We approved a bill to reduce taxes for traditional clubs, which are non-profit associations.

Hugo Motta: Like my Flamengo.

It's a matter... of tax justice, because now Flamengo and other clubs will pay the same tax rate as the SAFs.

Hugo Motta: And SAFs are those clubs that turned into companies.

Hugo Motta: Another key point: to be entitled to the reduction, clubs will have to invest at least 20% in the training and development of Olympic and Paralympic athletes.