Court orders notification on Corinthians’ R$2.6bn debt report

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Central do Timão

·5 September 2025

Court orders notification on Corinthians’ R$2.6bn debt report

By Henrique Pereira / Central do Timão Editorial Team

The São Paulo Court has ordered that all creditors of Corinthians be notified to be informed of a report that reveals, among other points, the increase in the club's debt, which now exceeds R$ 2.6 billion.

The decision was published at the end of last week and requires that hundreds of creditors have access to a document attached by a judicial expert in the Centralization of Executions Regime (RCE), requested by the club from the São Paulo Judiciary.

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Photo: Reproduction/Corinthians TV

The court also determined that the Public Prosecutor's Office be notified and receive the report, which was attached on the last 27th of July by the company Laspro Consultores.

In the document, the court-appointed judicial administrator analyzes Corinthians' accounts and points out the reasons for the current financial crisis, highlighting the high indebtedness and the exponential growth of the debt in recent years. In March 2025, the total amount reached R$ 2.628 billion.

The expert expresses concern about the scenario and states that the club faces a strangled cash flow, which leaves Corinthians in deficit and with projections indicating insufficiency to cover short-term obligations, such as payroll and operational expenses.

The report also highlights that the club's overall indebtedness ratio reached 120%, meaning that “the totality of constituted obligations exceeds its assets and rights.”

In total, the list of creditors presented by Corinthians and accepted by the RCE points to more than R$ 190 million in judicial executions.

In July, the club presented a new payment proposal to settle its debts through the RCE itself. The plan foresees progressive payments, prioritizing what the management calls “partner creditors.” In the first year after approval, Corinthians intends to allocate 4% of its revenues for debt payment; in the second year, the percentage would rise to 5%, and in the third, to 6%.

The club argues that it cannot commit a larger portion of its revenues, defending that if it allocated 20%, this would result in a “disproportionate over-allocation of resources” and “consequent damage to the club and creditors.”

According to the proposal, the division of payments would be made as follows: 35% for the so-called “partner creditors,” 25% for preferential creditors, and 40% for those who do not fit into any of these categories.

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