Corinthians publish March accounts as deficit widens and budget shortfall grows | OneFootball

Corinthians’ finances worsened in March, with an accumulated deficit of R$ 131.1 million, 40% higher than February’s R$ 93.7 million and nearly triple the R$ 36.4 million budgeted for the period.

In a statement on its website, the club said the shortfall reflected three factors: R$ 32.5 million in Copa do Brasil title bonuses, R$ 6.1 million in taxes linked to settling the Santos Laguna debt for Félix Torres, and R$ 75 million of unrealised income from player rights sales. It added that, excluding these items, the first quarter deficit would have been R$ 17.5 million.

Since January the club has received and rejected some bids, the biggest from Milan, an €18 million fixed offer for 70% of André at the end of March. Lazio and Fenerbahçe of Türkiye made approaches for Yuri Alberto in January that were deemed insufficient. Besiktas, also of Türkiye, submitted a bid for goalkeeper Hugo Souza in February.

Net operating revenue reached R$ 197.6 million in the first quarter of 2026, led by R$ 92.5 million from sponsorship and advertising. Broadcasting brought in R$ 39.9 million, matchday and Fiel Torcedor R$ 39.1 million, prize money R$ 15.1 million, and memberships R$ 13.4 million.

Expenses totalled R$ 202.1 million, including R$ 149.2 million on personnel, R$ 32.6 million on sporting materials and services, and R$ 13.3 million in general and administrative costs. There was a negative R$ 4.5 million balance on player trading and loans, and financial expenses of R$ 62.7 million on interest and financing.

The club expects to raise €25 million net in the mid-year transfer window, double the budgeted figure, which could prompt a mid-year budget revision. The balance sheet did not state total debt, with the last figure, for December 2025, at R$ 2.723 billion including the club and Neo Química Arena.

Source: Meu Timao