Coordinators quit Corinthians financial restructuring committee: why | OneFootball

By Fabio Luigi / Central do Timão Editorial Team

Due to dissatisfaction with the management of president Osmar Stabile, market professionals André Recoder and Gabriel Diniz, two of the coordinators of Corinthians’ Financial Restructuring Committee, left the club alleging misalignment with the current board. The body in question was created in October 2025, and its members were appointed by the Corinthians president himself.

The information was first reported by ge.globo. André Recoder and Gabriel Diniz believed that decisions had been made based on political and populist considerations rather than on strategic and financial control issues, according to the report. In addition, in the first weeks of work, the professionals presented a report with measures to be adopted aimed at cutting costs.

Photo: José Manoel Idalgo/Agência Corinthians

According to them, however, no measures were taken in this regard. The report presented alternatives aimed at increasing revenue, which would involve the sale of players. According to ge.globo, the football department has a monthly payroll of R$ 38 million, including players and staff.

The two coordinators chose to leave Corinthians’ Finance Committee before the vote on the 2025 financial statements, which ended up being approved by the Deliberative Council even with a deficit of R$ 143.4 million. The 2026 budget projects a surplus of R$ 12 million, but in the first two months alone, the club posted a loss of R$ 93.6 million.

In a statement to ge.globo, Corinthians said that president Osmar Stabile is considering seeking new names for the Financial Restructuring Committee, which was created precisely to support the board with suggestions that could, in some way, improve management in the pursuit of reducing expenses and increasing revenue through a more technical perspective.

In addition to the coordinators, two other members left the Committee, according to Corinthians: Carlos Roberto de Mello and Heleno Haddad Maluf.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.