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Brazilian soccer in cash crisis

By Reuters in Sao Paulo | China Daily | Updated: 2014-01-29 08:47

Brazil's leading clubs are enjoying bumper revenues but are failing to address crippling debts and cannot pay players on time - a paradox that highlights the problems affecting the domestic game of the World Cup host.

Corinthians and Atletico Mineiro were the past two winners of the Libertadores Cup, South America's version of the Champions League, but both have steered into choppy waters.

Earlier this month Atletico president Alexandre Kalil admitted "we are having problems with players' salaries".

Brazilian soccer in cash crisis

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