Corinthians pile up unpaid severance instalments for four ex-managers | OneFootball

The recurring changes in Corinthians’ coaching staff in recent years continue to have financial repercussions for the club. The Alvinegro still has outstanding payments related to the termination agreements of Mano Menezes, António Oliveira, Ramón Díaz, and Dorival Júnior, coaches who left Parque São Jorge during the administrations of Augusto Melo and Osmar Stabile.

According to information published by Gazeta Esportiva, all four agreements still have installments to be paid, and in every case, at least one payment is overdue. Altogether, the amounts originally set in the four terminations total R$ 26.6 million, although the report does not specify the exact amount that currently remains unpaid.

Photo: Rodrigo Coca / Corinthians Agency

The outstanding issues come at a time when Corinthians is dealing with financial difficulties and, on the field, is going through a run of seven matches without a win under Fernando Diniz.

Mano Menezes has two installments pending

The list begins with Mano Menezes, who was hired back in September 2023. The coach had a contract until December 2025, but stayed in the position for about five months before being dismissed in February 2024.

His departure took place during Augusto Melo’s administration. The agreement signed to end the contract early was set at R$ 10 million, the highest amount among the four cases mentioned.

Even more than two years after his dismissal, the financial obligation has still not been fully settled. According to the report, two installments remain pending.

Mano was succeeded by António Oliveira, beginning a series of coaching changes that would also generate new termination costs for Corinthians.

António Oliveira is also still awaiting payments

The Portuguese coach took over the team just days after Mano Menezes’ departure. António Oliveira arrived on a contract valid until the end of 2024, but did not complete the season at Parque São Jorge.

The coach was dismissed in July of that year. To end the deal, Corinthians and his coaching staff reached an agreement worth R$ 1.6 million. At present, the club still has two installments outstanding related to the Portuguese coach’s termination.

After that, the board turned to Ramón Díaz to take charge of the team at a delicate moment in the 2024 season. Among the four names still owed money, the Argentine had the longest spell in charge of the Alvinegro.

The agreement with Ramón Díaz was for R$ 7.5 million

Ramón Díaz took over Corinthians in July 2024 and remained in the role until April 2025. During that period, he led the team’s recovery in the second half of 2024 and started the following season in charge of the squad.

Although he had a contract until December 2025, the Argentine ended up being dismissed before the deal expired. The termination was set at R$ 7.5 million.

More than a year after his departure, Corinthians still needs to pay two installments provided for in the agreement signed with the coach.

His dismissal opened the door for the hiring of Dorival Júnior, who also would not see out his full contract with the club.

Dorival Júnior has three installments still to receive

Among the four cases, Dorival Júnior was the most recently dismissed coach. He left Corinthians in April 2026 and later took over São Paulo.

As with Ramón Díaz, the termination agreement was set at R$ 7.5 million. In this case, there are still three installments pending.

That means the four former coaches together account for nine installments that have still not been paid, distributed as follows:

The available figures, however, do not make it possible to determine how much these nine installments represent in reais. The R$ 26.6 million corresponds to the total amount originally set in the four agreements, not the current outstanding balance of the debt.

Corinthians cites ongoing legal proceedings

Contacted by Gazeta Esportiva, Corinthians said there are legal proceedings involving the four former coaches and stated that it will not comment on details while the cases are ongoing.

In a statement, the club said:

The statement does not specify which installments are overdue, the individual amounts still owed, or the stage of each legal proceeding.

Fernando Diniz’s release clause also enters the picture

While still managing commitments related to the previous four coaches, Corinthians is also going through a period of pressure on its current manager.

Fernando Diniz heads into the FIFA international break after a run of seven matches without a win. Despite the recent results, the board decided to keep him in the position and continue the work.

Beyond the sporting evaluation, a possible dismissal would also have a financial impact. According to Gazeta Esportiva, the penalty for ending Diniz’s contract early is around R$ 5 million, equivalent to three months of the coach’s salary.

For now, the coach remains in charge of the team and is preparing Corinthians for the return of the Brazilian Championship. The next match will be against Internacional on Wednesday (7) at 7:30 p.m. at Beira-Rio in Porto Alegre.

So, beyond the need for an on-field recovery, the recent string of changes in the coaching staff has left liabilities that still weigh on the club’s finances. Mano Menezes, António Oliveira, Ramón Díaz, and Dorival Júnior have all already left Parque São Jorge, but the financial commitments resulting from their contract terminations remain unresolved.

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