Corinthians reveal accounts, report R$180 million deficit as of September | OneFootball

The Corinthians released the financial statements for the months of August and September last Friday. According to the documents, the club closed September with an accumulated deficit of R$ 180.1 million. Meanwhile, Timão's debt remains at around R$ 2.7 billion.

In the football department, the deficit recorded in September was R$ 21.7 million, while in the social club and amateur sports, the amount was R$ 158.3 million. In both sectors, the main operational expense was due to "Personnel" costs, which include salaries of players and staff, image rights, labor charges, among others.

Among the main expenses in the football department, the following are listed:

And the social club?

On the other hand, in the social club, the main expenses in September were as follows:

September revenues

The main revenues accumulated by the football department in September were from broadcasting rights (R$ 252.4 million), sponsorships and advertising (R$ 127.5 million), and game collections (R$ 88.2 million), in addition to prizes, Fiel Torcedor, lotteries, and others (R$ 53.4 million).

In contrast, the main revenues of the social club relate to member contributions (R$ 23.3 million), licensing and franchises (R$ 19.5 million), and sponsorships and advertising (R$ 6.3 million).

Damage control

The accumulated deficit amount up to September is more than double the amount forecasted by the budget revision approved for 2025. In October, the Corinthians Council approved the document, which estimates a deficit of R$ 83 million by the end of the year.

To reduce financial damage, Corinthians hopes to count on considerable amounts expected in December, such as the installment of the LFU (Liga Forte União) television quota and the Copa do Brasil prize, in which Timão is seeking a spot in the final. The management is also considering taking a loan of R$ 100 million, which has already been approved by Cori (Guidance Council).

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