Corinthians plan review of 2024 accounts after R$294,000 cash discrepancy | OneFootball

Corinthians plan to reassess their 2024 financial statements after an unreconciled R$ 294,000 cash discrepancy covering 17 January to 11 July 2025. According to Meu Timao, the board is considering the possibility of further irregularities.

Under president Osmar Stabile, reconciliation began after the impeachment of former president Augusto Melo in May and his formal removal in August. Initial checks found mismatches between the books and cash on hand. The review will also test whether petty cash withdrawals predated that window.

The first-year accounts of Melo’s administration were rejected by the Deliberative Council at a late April meeting, after Cori said total liabilities rose by R$ 829 million, not almost R$ 600 million as the club presented. The Fiscal Council also voted unanimously to reject.

With total debt near R$ 3 billion, April is pivotal as the Lei Geral do Esporte requires Serie A and B clubs to approve and publish annual accounts by 30 April. The councils have yet to assess the current statements, and rejection could trigger impeachment, ineligibility or removal.

April also brings payments under the Regime Centralizado de Execuções and the Câmara Nacional de Resolução de Disputas, both on schedule. The RCE is at its second instalment, funded by 4% of revenue in year one, 5% in year two and 6% thereafter, drawn from prior-month income such as broadcast rights, sponsorships and commercial revenue.

For the CNRD, the fourth quarterly instalment, about R$ 7.2 million, is due by 17 April. The club paid the previous tranche early to lift a transfer ban after delays in the first two, and the total commitment is R$ 76 million.

Source: Meu Timao