The parliamentary inquiry investigating the Jockey Club of São Paulo heard testimony this week from a member of the municipal Council responsible for preserving the city’s historical and cultural heritage.
The hearing forms part of the ongoing CPI (Parliamentary Commission of Inquiry) established by São Paulo City Council to examine potential irregularities involving contracts, tax obligations, public resources and interventions carried out at the historic horse racing venue.
During the session, councillors questioned the preservation council official about authorizations granted for works and renovations connected to the Jockey Club, as well as technical oversight procedures and communication between municipal departments involved in the projects.
The commission is also reviewing whether administrative inconsistencies may have occurred in relation to approvals, documentation and the management of restoration initiatives linked to protected heritage areas.
The Jockey Club of São Paulo has faced increasing legal and financial scrutiny over the past year. In December, investigations revealed that millions of reais raised through public cultural incentive programs intended for restoration projects were allegedly diverted to cover private expenses connected to individuals associated with Elysium, the organization overseeing refurbishment works at the venue.
The Jockey Club had previously received authorization from Brazil’s Ministry of Culture to raise BR159m ($32m) through sponsorship agreements tied to eight restoration projects valid until 2028.
The CPI has already summoned municipal officials, technical advisers and other individuals connected to the projects as part of its investigation. Councillors continue requesting documents from public agencies and oversight bodies to assess the legality and compliance of operations involving the club.
Separately, the venue also secured BR62m between 2019 and 2024 through São Paulo’s Transfer of Building Rights (TDC) program, which requires resources to be allocated toward preservation or urban development projects
