Corinthians facing financial woes, considering R$100m loan, find out more | OneFootball

In a financial crisis, Corinthians is considering the possibility of taking out a loan and advancing a share from LFU (Liga Forte União), in a deal worth around R$ 100 million. The information was initially published by ESPN and confirmed by Gazeta Esportiva.

According to reports, the amount would be used by the board to improve cash flow and resolve the transfer ban imposed by FIFA in August. Since then, the club has been unable to register new players due to a debt of around R$ 40 million with Santos Laguna, from Mexico, related to the signing of defender Félix Torres.

The matter was discussed at the last Cori (Advisory Council) meeting, held last Wednesday. On the occasion, Timão's president, Osmar Stabile, emphasized the need for the club to raise more funds to ease the delicate financial situation.

Understanding the operation

The operation consists of advancing part of the 2026 LFU share, worth R$ 27.5 million, in addition to a loan of R$ 72.5 million with an interest rate of CDI + 3%.

Together, the amounts would reach the R$ 100 million sought by the Corinthians board.

(Photo: Rodrigo Coca/Agência Corinthians)

Cori's Approval

At the same meeting, Cori authorized the operation. However, this does not mean that the club will take out the loan immediately.

According to information obtained by Gazeta Esportiva, the financial board is evaluating alternatives and wanted to anticipate the scenario. Osmar Stabile's management will analyze how the situation unfolds towards the end of the year before deciding whether or not to proceed with the loan.

Financial crisis

Corinthians is experiencing a severe financial crisis, with total debt estimated at around R$ 2.7 billion, according to the latest balance sheet released by the club. In addition, Timão has accumulated more than R$ 120 million in FIFA rulings.

See Corinthians' six cases at FIFA:

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