Corinthians consider bringing forward 30% of their 2027 income | OneFootball

In search of alternatives to reorganize its cash flow over the coming months, Corinthians is considering advancing up to 30% of the revenue projected for 2027. The possibility is provided for in the club’s bylaws and has started to be considered by the board in light of the financial difficulties currently faced and the absence, so far, of offers for players in this transfer window.

The measure would allow the current administration to use in advance a portion of the funds related to the first year of the next administration. Corinthians will hold a presidential election in November 2026 and, internally, there is an understanding that president Osmar Stabile may resort to the mechanism provided for in the bylaws.

Photo: Rodrigo Coca/Corinthians Agency

The possibility is established in article 117 of Corinthians’ bylaws and is also in line with the General Sports Law. To adopt the measure, the board would not need to submit the decision to the review of the Advisory Council (CORI), nor hold a vote in the Deliberative Council.

The text of the bylaws establishes that the administration may advance or commit up to 30% of the revenue corresponding to the first year of the following term. The amount that Corinthians could eventually use, however, has not yet been defined.

This is because the calculation will have to consider the budget forecast for 2027, which has not yet been presented by the club’s finance department. For 2026, excluding player negotiations, the budget approved by the Deliberative Council set an expectation of R$ 806 million in revenue.

Financial scenario puts pressure on the board

The discussion about advancing revenue comes at a time when Corinthians is piling up different financial commitments. Currently, the club has three active transfer bans, two imposed by FIFA and one by the CBF.

In addition to the restrictions related to registering new players, Corinthians is one month behind on the squad’s image rights payments and also has outstanding issues related to vacation pay and bonuses.

Another point of concern is related to the Centralized Enforcement Regime (RCE). Even after the payment of the first five installments, the updating of the debts included in the regime raised the total amount to R$ 237.4 million.

Within this scenario, the board is also monitoring the current transfer window as a possible source of incoming funds. Although there are still three weeks left before the close of the negotiation period, Corinthians has not received offers for its main players so far.

The sale of players occupies an important place in the financial planning drawn up for the season. In the latest financial statements released by the club, Osmar Stabile pointed to a projection of 25 million euros in player deals throughout 2026, an amount equivalent to approximately R$ 150.68 million at the current exchange rate.

The president also attributed part of the deficit recorded in the first four months of the year to the absence of the expected revenue from transfers and player rights payments.

Without these deals materializing so far, the board is looking for other ways to generate cash flow and meet its financial commitments in the coming months. The club is also owed amounts by commercial partners.

The advancing of 2027 revenue, therefore, appears among the possibilities being studied by the administration, but it still depends on the definition of the budget for the next fiscal year so that it is possible to establish what amount could be committed.

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