"As the conditions set by the creditors’ assembly for the continued operation of the insolvent entity are being completely disregarded, on July 15, at 3:30 p.m., the insolvency administrator will carry out the resolution, proceeding with the closure of the insolvent’s establishment and shutting down all activities conducted by Boavista at Estádio do Bessa and adjacent facilities, including all sports disciplines," announced Maria Clarisse Barros in an email message accessed by the Lusa news agency.
If Boavista failed to comply, the insolvency administrator could order the immediate closure of the Porto club’s activities, effective 15 days after the decision, without needing to reconvene the creditors’ assembly - a scenario that has come close to happening several times since December 2025, but was always avoided.
"So far, no deposit has been made into the insolvency account, by any party, of the donation (with a releasing effect) that would allow the club’s structure to cover its current expenses for June, as well as the estimated deficit for that month’s sports disciplines," she noted.
Maria Clarisse Barros ruled out "any prospect that the donation in question, as well as what would be needed for the current month," will be deposited into the insolvency account, which has seen "monthly debts" piling up due to the "operation of the establishment."
"All that remains is to thank all the directors, assistants, and coaches for their tremendous, almost limitless dedication, and for the excellent athletes they have developed, who have greatly enhanced the already prestigious name of Boavista. Finally, and as it could not be otherwise, a big round of applause for the athletes who have honoured this century-old institution around the world," emphasised the insolvency administrator, informing that the keys to the facilities, cleared of people and belongings, must be handed over by July 31st.
Lusa contacted Boavista and the board led by Rui Garrido Pereira, but has not received a response so far.
Os Axadrezados had their liquidation approved in September 2025, after accumulating debts exceeding 150 million euros (ME), but three months later reached a court agreement with creditors to continue operations, committing to cover the ongoing deficit of their activities.
This decision was made when the club had already withdrawn from competing in the fourth and lowest tier of the Porto Football Association (AF), without playing any matches in 2025/26, a season in which the club was supposed to compete in Liga 2, but no longer had a professional team and was administratively relegated to the main district division due to financial problems.
Relegated to the second tier of AF Porto with six rounds to go and facing four FIFA bans on registering new players, the club played as hosts at the Ramalde Sports Park, 2.5 kilometres from Estádio do Bessa, which has been unusable for over a year, and saw its liquidation approved in May, while working on a new recovery plan.
As part of Boavista’s insolvency, several properties were auctioned off in recent months, including Estádio do Bessa and the adjacent sports complex, with bids exceeding the minimum asking price in June.
The court rejected the board’s appeal against the sale of the club’s real estate assets, after the insolvency administrator stripped them of management powers in February, even though they had reached an agreement with the Spanish company Sacyr, the main creditor in the process, to acquire the respective credit.
Boavista was relegated to Liga 2 in May 2025 after 11 consecutive seasons in the top flight, being one of the five national champions in history, thanks to the title won in 2000/01.