1989 - The purchase of Record Network
In a serious financial crisis, Record was on the verge of bankruptcy. The owners at the time, the entrepreneur and TV personality, Silvio Santos, and the Machado de Carvalho family, ran the station under a large debt.
Negotiations progressed rapidly after former congressman Laprovita Vieira, one of our Church officials at the time, announced the interest to purchase Record. The proposal pleased the partners of Record, and they called a meeting at the house of Silvio Santos.
“The representative of Silvio Santos gave a price.
I responded by faith:
– Not a problem. The deal’s done.”