The creditors of Boavista SAD approved the liquidation of the society, rejecting a new proposed recovery plan. The decision was made at a creditors' assembly, marking an end to the club's judicial recovery process.
Boavista's SAD, which faced serious financial difficulties, saw its last recovery plan rejected by creditors. This result means the society will be dissolved and its assets will be sold to pay creditors.
The Boavista football club, which had already been administratively relegated, thus sees its extinction at the corporate level confirmed. The liquidation of the SAD closes a difficult chapter in the history of the black-and-white club.
This outcome follows multiple attempts at judicial recovery that failed to achieve the necessary support from creditors to be realized.