Brazilian clubs’ debts: 11 sides owe more than R$ one billion | OneFootball

Eleven leading Brazilian clubs carry debts above R$ one billion, with Corinthians, Atlético-MG, São Paulo and Botafogo each above R$ two billion.

According to Globo.com, the review covered the 20 teams from last season’s Série A plus four promoted from Série B. Totals combine short- and long-term liabilities.

Corinthians’ liabilities are R$ 2.75 billion, mostly long term. Short-term debt is R$ 979.7 million, down from R$ 1.27 billion.

Atlético-MG’s short-term debt totals R$ 1.35 billion, and it posted 2025’s biggest deficit at R$ 882.1 million. Botafogo shows 67% of its R$ 2.01 billion total as short term, or R$ 1.34 billion.

Player transfer payables leave Botafogo with R$ 1.1 billion outstanding, while its 2025 deficit was R$ 290.8 million.

São Paulo’s total is R$ 2.45 billion, and current liabilities rose from R$ 844.7 million in 2024 to R$ 1.03 billion in 2025. Its accounts have not yet been approved by the club’s deliberative council.

Flamengo, Palmeiras, Cruzeiro and Internacional have positive net equity. Flamengo carries R$ 1.26 billion in debt and holds R$ 954 million in net assets, while Athletico-PR is the only club above R$ one billion in equity and has R$ 404.8 million in total debt.

Corinthians has the most negative equity at R$ 774.1 million. Pedro Weber of Chenus called negative equity a warning that restricts investment and increases pressure, and said Atlético-MG’s 2025 deficit markedly worsened its position and underlined the need for long-term sustainability.

Source: Globo.com