Corinthians meet Caixa to discuss lowering Arena debt interest rates

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Central do Timão

·23 September 2025

Corinthians meet Caixa to discuss lowering Arena debt interest rates

By Henrique Pereira / Central do Timão Editorial Team

Corinthians has opened a new round of negotiations with Caixa Econômica Federal regarding the financing of Neo Química Arena. According to information from Meu Timão, the club’s president, Osmar Stabile, met with representatives of the state-owned bank this Monday, after a positive signal from the institution’s president, Carlos Antônio Vieira Fernandes, to review the terms of the current contract.

Currently, the club pays interest equivalent to the Selic rate plus 2%, which amounts to approximately 18% per year. The board’s goal is to switch to a model indexed to the IPCA, which would reduce this cost to around 9% annually.

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Photo: Rodrigo Coca/Ag. Corinthians

In 2025, Corinthians has already paid R$ 60 million for the March and June installments. Two more, in September and December, are still scheduled. This commitment is part of the agreement established in 2022, which remains in effect. So far, eight quarterly installments have been paid throughout 2023 and 2024, during which the club also covered the interest accrued during the suspension of payments due to legal disputes.

Since January of this year, the club has started paying not only the interest but also the principal amount of the debt, also in quarterly installments. The outstanding balance with Caixa is estimated at R$ 675.2 million.

Meanwhile, the DoeArena campaign, organized by Gaviões da Fiel, has raised nearly R$ 41 million to help pay down the debt. Although this represents a small fraction of the total, the initiative has a direct impact on the club’s finances: in 2025 alone, the reduction in interest should reach around R$ 7 million. The campaign remains active until December.

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