HI Fluminense won another victory on the judicial front, this time in a Canadian Court, which condemned dry world, a former sports equipment supplier, to compensation payments to Tricolor. The decision that found Dryworld guilty of the termination of the contract that occurred in 2016, determines the payment of the amount of compensation that will still be subject to renewal calculations.
? Although the sentence can be appealed, Dryworld’s chances of overturning it are slim, especially considering the sheer volume of evidence produced by Fluminense ? said the club’s vice president for Legal Interests, Heraldo Iunes.
Dryworld became Fluminense’s supplier of sports equipment in January 2016. Problems with shipping, royalty payments and sponsorship quotas led Fluminense to terminate the contract – originally scheduled for five seasons, a few months later it was terminated. Tricolor tries, ever since, to recover the pending values.
Under a five-year agreement with Fluminense, signed during the reign of Peter Siemsen, Dryworld will pay a fixed US$3.5 million per year, equivalent to R$13.5 million at the then exchange rate. With awards and materials, this amount could reach R$ 20 million. Most payments, until the sports supplier leaves, are not made.
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