The partnership was ratified by the assembly of the racetrack, which has been in judicial reorganization since 2025, with the agreement approved by a vote of 115 to 1; the institution's total debt amounts to R$ 659 million.
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A decision signed by Minister Carlos Fávaro on March 26th prevents the entity from holding horse races with betting in the country after an audit identified an inactive CNPJ (Brazilian tax ID) and the absence of a board of directors since 2021.
The Jockey Club says that the funds were used as stipulated in the agreement signed between the club and the city government. Elysium, a social organization contracted by the Jockey Club, says that no funds were used improperly.
The city government identified duplicate documents used in both the municipal program and the Rouanet Law. The Department of Public Works (DPH) found that the interventions carried out were insufficient in relation to the amount received.
Documents reveal that part of the funds was allocated to companies in Goiás linked to people close to the club's advisor and president of the PSDB party. The city hall rejected the accounts and ordered an audit.
The ruling recognizes the club as an economic agent generating wealth, despite being a civil association. Two properties have already been auctioned off, including the Boa Vista Hippodrome. The club currently employs 183 people.