After a blow, Grupo Salinas requests dialogue with US creditors

After a ruling was announced against Ricardo Salinas Pliego for the payment of 580 million dollars to foreign creditors, Claudia Sheinbaum confirmed said resolution and pointed out that there are more pending processes against the businessman.

Mexico City, October 23 (However).- After yesterday it was revealed that a Civil Matters Court of Mexico City overturned a ruling in favor of Ricardo Salinas Pliego to prevent him from paying a debt of 580 million dollars to foreign creditors, Salinas Group released a statement in which it states that it is open to dialogue with creditors “to reach a favorable agreement for all parties.”

“We once again call on this group of creditors to resume dialogue and avoid unnecessarily prolonging this process,” said the conglomerate in its message that it spread through social networks, where it accused media outlets such as The Day and Jesús Ramírez Cuevas, Coordinator of Advisors to President Claudia Sheinbaum, of a disinformation campaign against her.

In the statement, Grupo Salinas also expressed its position regarding the ruling by the Court, which, it maintained, was a decision “contrary to the law” and that it has no impact “on the merits of the case.”

“This decision does not alter or undermine the solidity of our main approaches. We maintain full confidence that, once the underlying arguments have been analyzed, the correct interpretation of the law will prevail, since both ethical and legal reason assists us,” he noted.

In the face of malicious speculation and misinformation spread by media such as @lajornadaonline manned by @Jesusarcuvaswe always respond with the truth.

We reiterate, once again, the willingness and openness of @Azteca to dialogue with creditors in the US to reach a… pic.twitter.com/UnsvwhI8yO

— Salinas Group (@gruposalinas) October 23, 2025

In the morning, President Claudia Sheinbaum Pardo confirmed the sentence revoked by a Civil Matters Court in Mexico City, and assured that other proceedings against businessman Ricardo Salinas Pliego are yet to be resolved in the country.

From the National Palace, the federal president was questioned on the issue, to which she commented that the ruling revoked the precautionary measures that a Judge had issued in favor of the owner of Grupo Salinas, who took refuge during the COVID-19 pandemic not to pay a debt in the United States (US) by alleging that he was not in a position to cover said debt.

“Remember that this businessman, during the time of the pandemic,… I don’t know if it is exactly an amparo. I don’t believe it because it is not federal. He makes a legal appeal to a Judge in Mexico City to say that due to the pandemic he is not in a position to pay his debts in the United States,” commented the President during her morning press conference.

Sheinbaum Pardo added that, although Salinas Pliego was right at that time, what was done yesterday was to review the case again, after which it was determined that it no longer has any basis and that he must pay the debt.

“Surely there will be a tweet soon saying that it is not true, but that is the report they gave us about what is happening. There are still other proceedings also in the courts of Mexico City,” said the head of the Executive Branch.

When asked if an equally favorable result is expected for the rest of the procedures against the businessman to pay what he owes to the treasury in Mexico, the President limited himself to saying that the cases must be resolved in the following days or weeks.

“If it is resolved in the opposite direction, then it is no longer valid, let’s say, the controversy, the arbitration. Why? Because part of these courts have already been resolved,” he indicated.

Likewise, when asked if there was a date to meet with the foreign creditors that Salinas Pliego must pay, Sheinbaum mentioned that they are waiting to “see how the Mexico City court resolves to have that meeting.” “I asked the Attorney General and the Secretary of the Treasury that they be the ones who attended to those who asked us for this meeting,” he said.

The debt of the president of Grupo Salinas began in 2017, when the television station issued 400 million dollars (more than seven billion pesos) in debt securities with the agreement to pay interest semiannually at an annual rate of 8.25 percent, but in 2021 it stopped complying. US investors, through subsidiaries incorporated in the Cayman Islands, acquired these debt bonds, which have been increasing to date.

Due to lack of payment, the investment fund managers Cyrus Capital Partners and Contrarian Capital Partner filed an arbitration in June 2023 against the federal government under the framework of the T–MEC and now request direct dialogue with the Executive to reach an agreement.

In addition to this debt, Salinas Pliego owes the Mexican treasury more than 74 billion pesos, which continues to litigate before the Supreme Court of Justice of the Nation (SCJN), Collegiate Circuit Courts and the Federal Court of Administrative Justice (TFJA) to extend the payment for as long as possible.

Similarly, Ricardo Salinas Pliego paid a bail of 25 million dollars in the United States to avoid his arrest for a debt he owes to the multinational AT&T Inc. This debt, different from the others, originated in 2014, when the American AT&T bought the telephone company Iusacell, then owned by Salinas Pliego. The intention of the foreign company was to enter the Mexican market.