Corinthians expect at least R$ 480 million hit after betting curbs, figure could rise | OneFootball

Corinthians expect to forgo at least R$ 480 million tied to Esportes da Sorte after a federal measure on Friday restricted betting operations. According to Meu Timao, the club deems that shortfall certain.

The projected loss covers 2027 to 2029. A February renewal under Osmar Stabile set R$ 150 million fixed per year, rising to R$ 200 million with bonuses, up from R$ 309 million over the previous three-year deal at R$ 103 million a season.

The total could rise, since performance bonuses, for example after a title, would have raised annual revenue. Without the betting sponsor, the club sees a potentially larger, year-by-year impact.

The Brax deal for Neo Química Arena boards in Brasileirão matches was lifted by R$ 90 million, taking Corinthians’ share to R$ 330 million through 2029, though there is concern revenue could fall if betting brands disappear from signage.

The club’s FFU broadcast deal, signed in 2024, is worth over R$ 1 billion to 2029, about R$ 210 million a year, with potential to reach R$ 250 million based on results.

Cashflow is tight. Corinthians have already taken October, November and part of December advances from Esportes da Sorte, leaving around R$ 20 million due for the rest of 2026, and will receive R$ 10 million in October from FFU.

The club closed the first half with a R$ 246 million deficit and total debt of R$ 2.8 billion. The men’s squad are owed two months of image rights plus Libertadores and Brasileirão bonuses.

Source: Meu Timao

“Artificial intelligence was used to assist in creating this article based on reporting from the original source quoted.”