Cori approves Corinthians’ 2025 budget, sent to council

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Central do Timão

·30 September 2025

Cori approves Corinthians’ 2025 budget, sent to council

By Henrique Pereira and Larissa Beppler / Central do Timão Editorial Team

The Corinthians Guidance Council (Cori) unanimously approved, in an extraordinary meeting held this Monday (29), at Parque São Jorge, the revision of the club's budget, according to information from Lance!. The document will now go to the Deliberative Council, which will analyze and vote on it in a meeting scheduled for next Monday (06).

The budget amendment was classified as urgent by Cori members, given the deficit of R$ 60.227 million recorded in the first half of 2025 – a result far from the surplus of R$ 2.349 million originally projected by Augusto Melo's management.

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Photo: Reproduction/Corinthians

After Cori's approval, the proposal will be forwarded to the Deliberative Council for analysis and voting by the councilors. The document must be accompanied by the opinions of the Fiscal Council, Cori, and an independent audit. According to an investigation by Central do Timão, one of the main impasses at the moment is the absence of an external audit, seen by some as dispensable for the budget revision, but required by the club's statute for the subsequent approval of the accounts.

The revision is of an emergency nature and should be prioritized over other internal discussions. This is because the previous plan, prepared by then-financial director Pedro Silveira during Augusto Melo's management, did not undergo revisions or incorporate contributions from other areas of the club, which, in the councilors' assessment, made its execution practically unfeasible.

The numbers highlight the seriousness of the situation: between January and June, still under Augusto Melo's management, Corinthians recorded net expenses of R$ 424.9 million – 29% above the R$ 329.3 million forecast in the initial budget. The biggest discrepancy occurred in personnel expenses, which totaled R$ 298.6 million, 36% higher than the estimated R$ 219.2 million.

Furthermore, Corinthians' debt also skyrocketed: at the beginning of 2024, it was R$ 1.9 billion and, by the end of the first half of 2025, it had already reached approximately R$ 2.6 billion.

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