Report ranks Corinthians among Brazilian football's most valuable clubs | OneFootball

Corinthians appears among the clubs with the highest market value in Brazilian football, according to the 17th edition of the Convocados Report, a study developed through a partnership between Galapagos Capital and consultancy firm Outfield. The survey estimates that the black-and-white club is worth between R$ 1.5 billion and R$ 2 billion, a range that places it alongside São Paulo among the most valuable teams in the country.

According to the study, only Flamengo and Palmeiras have a valuation above the R$ 2 billion mark. The analysis considers several financial and operational indicators to estimate the clubs’ value, taking into account aspects related to revenue-generating capacity and economic sustainability.

Photo: Rodrigo Coca / Ag. Corinthians

Among the main criteria used are recurring revenues, player transfers, adjusted net worth, and operating profit. In addition, factors such as stadium attendance, fan engagement, and efficiency in financial management also directly influence the final assessment.

The report highlights that clubs with diversified revenue streams, greater potential to monetize their fan bases, and more balanced operational structures tend to achieve higher values. On the other hand, high debt levels, elevated financial expenses, and wage bills above their revenue capacity negatively affect valuation.

One of the positive points highlighted for Corinthians is the strength of its fan base. The club received four stars in the average stadium attendance category during the 2025 season. That year, Neo Química Arena recorded an average crowd of 41,835 fans across 38 matches, ranking among the best figures in national football. Only Flamengo received the highest rating in this criterion.

The document, however, stresses that high fan turnout alone is not enough to determine an institution’s market value. According to those responsible for the study, the challenge lies in turning that engagement into sustainable revenue and consistent financial results.

In other indicators, Corinthians received mid-range ratings. Its performance in recurring revenue and player sales was classified with three stars, while financial efficiency related to the wage bill received two and a half stars.

On the other hand, the report points to factors that still negatively impact the club’s valuation. Among them are negative net worth and losses recorded in recent financial years. According to the financial statement released for 2025, Corinthians posted negative net worth of approximately R$ 774 million and ended the period with a loss of R$ 143.4 million.

Another point of concern cited by the survey is the financial leverage ratio, which considers the relationship between debt and revenue. In this category, the club received only half a star, reflecting the debt scenario that remains one of the main challenges for the black-and-white management.

Despite the financial difficulties pointed out by the study, Corinthians remains among the most valuable clubs in the country, driven mainly by the strength of its brand, the size of its fan base, its revenue-generating capacity, and its relevance in the Brazilian football landscape.

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