Flamengo come under fire from fans after multimillion deficit in first half | OneFootball

Group of council members pressured Flamengo after R$ 33 million deficit

Flamengo’s financial statement for the first six months of 2026 continues to cause repercussions behind the scenes at Gávea. After the club disclosed an accumulated deficit of R$ 33.8 million, a group of 12 council members filed two documents demanding greater transparency from the board and measures provided for in the bylaws.

The letters were delivered last Tuesday (04) to the club’s secretariat and are addressed to the presidents of the Deliberative and Fiscal Councils. Among the requests are the release of the season budget and an assessment of suspending the current administration’s administrative autonomy.

WHAT ARE THE COUNCIL MEMBERS DEMANDING FROM FLAMENGO’S BOARD?

The documents were sent to Ricardo Lomba, president of the Deliberative Council, and Paulo Roberto Gomes, president of the Fiscal Council. In the first letter, the council members request that Flamengo resume publishing the institution’s annual budget, a practice adopted until 2024 on the club’s official website. In addition, they demand the presentation of budget execution reports for the first half of 2026, detailing the financial forecasts and the deficit recorded during the period.

The second document asks the Fiscal Council to order the board to present the 2026 budget within 48 hours. The signatories also argue that the application of article 146 of the bylaws should be examined, a provision that allows for the suspension of the Board of Directors’ autonomy in certain situations of financial imbalance.

WHAT DOES ARTICLE 146 OF THE BYLAWS SAY?

The council members base their request on subsection III of article 146 of Flamengo’s bylaws. The passage states that the board’s autonomy may be suspended if the quarterly financial statements prove that the accumulated deficit exceeded 3% of the revenue projected in the approved budget.

If that condition is confirmed, all contracts, agreements, loans, and advance revenues would require prior authorization from the Administrative Council as long as the irregularity persists. Lomba and Paulo Roberto have not yet commented on the case.

WHAT WERE THE CRITICISMS OF THE DELIBERATIVE AND FISCAL COUNCILS?

In the document addressed to the Deliberative Council, the council members state that Ricardo Lomba was allegedly negligent in failing to present the budget execution monitoring reports throughout the 2025 fiscal year. It was precisely in that year that the president of the Deliberative Council took office.

Regarding the Fiscal Council, the group requests that Paulo Roberto Gomes officially demand that the board submit the 2026 budget. In addition, it asks for an analysis of the application of article 146 to avoid possible liability for members of the Fiscal Council itself.

The documents also mention article 69 of the club’s bylaws, which provides for joint liability of presidents and vice presidents in cases of losses or acts considered harmful to Flamengo when there is fault in the exercise of their duties.

HOW DID FLAMENGO EXPLAIN THE DEFICIT?

In the financial statement released last week, Flamengo attributed the negative result mainly to the accounting amortization of R$ 192.4 million related to the economic rights of players signed in the January transfer window. Lucas Paquetá alone, for example, cost more than R$ 315 million.

According to the club, the deficit represents a natural consequence of the investments made in the squad. The board also stressed that, disregarding player trading operations and the financial effects of the 2025 Club World Cup, the recurring performance in the first half was the best recorded in the last five years.

The requests are signed by Alvaro Luiz Ferreira, Carlos Bogel Borges, Eduardo Olivieri, Guilherme Pollastri Gomes da Silva, Julio Cesar Gomes da Silva, Julio Frederico Pollastri Gomes da Silva, Luiz Desiderati Junior, Marcelo Haberlehner, Marcelo Vargas, Maria Cristina da Cruz Silva, Otabio Katsuo Nakamura, and Wallim Cruz de Vasconcellos Junior.

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