Boavista had its recovery plan rejected by the main creditors, including mortgages, who considered their interests unprotected. The club will present a new proposal by the end of the month.
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07/10/2026
by
Lusa
O Boavista presented today, in the assembly of creditors, his recovery plan and, subsequently, the business plan, having the insolvency administrator stated, at the beginning of the work, that the club is complying with the injunctions provided in the reopening order, Rui Garrido Pereira explained, in statements to Lusa.
According to the President of Boavista, the plan did not obtain the votes of the main creditors, namely mortgages, who considered that their interests were not safeguarded.
The board will, however, continue to work with these entities to find a solution that allows the club to recover.
“The Board will continue to work with those same creditors, with a view to presenting by the end of the current month a plan to be voted in favour for the recovery of the club,” he added.
Rui Garrido Pereira also assured that the club remains “in activity, according to what has been happening since the reopening of the club’s activity”.
The assembly of creditors took place today at the Court of Commerce of Vila Nova de Gaia and aimed to discuss the recovery plan of Boavista Football Club, in a process distinct from that involving Boavista SAD.
The club had approved its liquidation in September 2025, after presenting debts of more than EUR 150 million, but the court subsequently authorised the continuation of the activity by fulfilling financial conditions.
In July of this year, the insolvency administrator, Maria Clarisse Barros, determined the closure of the club’s activity, after the amount to bear current expenses for the previous month was not deposited.
In August, the court authorized the reopening of the activity, conditional on regular payment of current expenses until the end of the period 2026/27.
Boavista presented a recovery plan and a business plan, seeking to ensure the continuity of the club's activity, which involves 31 modalities and about 1,500 athletes.
The situation of the club occurs in parallel with the liquidation of Boavista SAD, approved by creditors in September, after rejecting the recovery plan presented by the company.
Boavista SAD, which holds the professional football activity, had been demoted to the II Division of the Porto Football Association in 2025/26, after finishing the I League in 17th and penultimate position.
The company eventually abdicated the enrollment in this echelon, and the vacancy was occupied by Varziela, third ranked in the third district division.
Boavista Futebol Clube, founded in 1903, holds nine national trophies in men's senior football and won its only national championship in 2000/01, being one of the two that fled Benfica, FC Porto and Sporting – the other snatched it from Belenenses in 1945/46.