CORINTHIANS: A GESTORA QUE PÕE A ARENA EM RISCO | Entenda o Caso Reag

Reag Investimentos, the former manager of Neo Química Arena, and the current managers Asarock and Genial are at the center of a crisis that exposes weaknesses in Corinthians' governance. Understand how the extrajudicial liquidation of Reag Trust by the Central Bank, after Operation Hidden Carbon, and the replacement of the manager did not remove the Arena from the epicenter, since the new managers (ASAROCK and GENIAL) are also being investigated, putting the arena's real estate fund at risk. In 2023, Reag took over the administration of Arena FII, with assets of R$ 672 million. But in August 2025, the Federal Police and Gaeco/MP-SP launched an operation investigating money laundering involving the PCC, with transactions exceeding R$ 1 billion. Corinthians and Caixa Econômica Federal began the process of replacing the manager, but the delay raises questions. • Reag Trust was liquidated on January 15, 2026, for violations of the National Financial System. • The FIDC Gold Style fund was used to receive illicit funds, according to investigations. • The club claims it initiated immediate negotiations, but the due diligence for a new management company dragged on. The replacement did not eliminate the risk for the Arena Fund, as the new management companies are also under investigation. • The crisis exposes the need for greater oversight of Real Estate Investment Funds. • The arena could suffer financial and reputational impacts if the fund is not protected. Watch until the end to understand the risks and governance lessons for Corinthians. Subscribe and activate the bell so you don't miss the next analyses. #Corinthians #NeoQuímicaArena #CasoReag #OperaçãoCarbonoOculto #Governança