Corinthians posts multimillion deficit at start of 2026 after one-off costs | OneFootball

Corinthians began the 2026 season with a negative financial result in the first two months of the year. According to financial statements released by the club, the accumulated deficit in January and February reached R$ 93.6 million. The figure exceeds the budget projection for the period, which had forecast a deficit of R$ 60.5 million. The information was first reported by GE.

According to the financial board, the difference is directly linked to one-off expenses recorded at the beginning of the year. Among them were bonus payments to the squad for winning the 2025 Copa do Brasil, as well as taxes related to settling a debt with Santos Laguna, from Mexico, which resulted in the end of the transfer ban. These non-recurring expenses totaled around R$ 38.6 million.

Photo: José Manoel Idalgo / Corinthians Agency

Revenue and expenses

During the period analyzed, Corinthians posted gross operating revenue of R$ 143.6 million. The main sources were:

On the other hand, operating costs and expenses totaled R$ 132.5 million, with most of it going to personnel payments, which reached R$ 101 million. The club also raised R$ 1.6 million from player transfers and loans, but had expenses of R$ 6.4 million related to the negotiation of players’ rights. When financial charges, amortization, and other costs are added, the final result for the period comes to a deficit of R$ 93.6 million.

Rising debt

Another indicator presented in the financial statements is the increase in the so-called uncovered liabilities. The amount rose from R$ 774.1 million in December 2025 to R$ 869.8 million at the end of February 2026.

In simplified terms, this index represents how much the club would still owe even after selling all of its assets.

Financial planning

Despite the negative start, the budget approved by the Deliberative Council projects a surplus of R$ 12 million by the end of 2026. The board said it will carry out a budget review in the middle of the year, as provided for in the bylaws.

It is worth remembering that, recently, the Council also approved the 2025 accounts, even with a deficit of R$ 143.4 million and issues pointed out by internal bodies and an independent audit.

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