Osmar Stabile on Corinthians finances, keen to keep all sports | OneFootball

Present at Wlamir Marques Gymnasium on Saturday night (23), during Corinthians’ 82-81 loss to Pinheiros in the Novo Basquete Brasil (NBB) semifinal, president Osmar Stabile commented on the club’s financial situation and the future of the sports departments at Parque São Jorge.

In an interview in the mixed zone after the game, the executive said Corinthians is still seeking funds to maintain sports beyond football and highlighted talks aimed at financially strengthening disciplines such as basketball and futsal.

Photo: Rodrigo Coca/Agência Corinthians

“To shape things so that we can seek our own resources. Basketball as well, we’ve been talking about that. Once this stage here is over, we’ll try to stop and talk, and we have some other coaches there who want to work with us. So the idea is that we always seek resources so we can keep all the sports going.”

Osmar also spoke about Corinthians’ financial outlook and assessed that the club has managed to halt the growth of its debt in recent months.

“Only that way can we get out of this financial situation through this effort. I’ve already noticed, throughout this year, that the debt is remaining stable, it’s no longer growing, it’s losing strength, and we want to make that debt start to go down.”

The executive also said the current administration expects to begin an effective reduction of the debt in the second half of the year.

“It is starting to move in the opposite direction from what it was before. For many years people have said Corinthians cleared its debt, I mean, it’s not that we’ve managed to reduce it yet, but at least it hasn’t grown. That’s what matters. So I think we’ll close this half of the year with the amount still the same, and in the second half that debt will start to fall.”

During the interview, Osmar Stabile showed confidence in the club’s financial recovery in the coming years.

“I am absolutely certain that within the five years I set, Corinthians will become one of the main teams in Brazil, or clubs in Brazil, in financial terms.”

Asked about the possibility of maintaining the basketball project even without winning the NBB title, the president stressed that the board’s goal is to continue the sports programs regardless of the result on the court.

“Regardless of the title, the stage we reached had never been reached before. So we got to this stage of the NBB, and it’s important for us to show that we want it to continue, we just need to secure the resources.”

The executive also revealed that the club is already in talks with companies interested in investing in the sports programs.

“We have been talking to many companies that are interested in keeping them going, and that’s what we warned about right at the beginning. If we didn’t have a stable platform, where we used football money to keep the sports programs going, it would be very difficult.”

Finally, Osmar highlighted the club’s internal mobilization to make Corinthians’ Olympic sports financially viable.

“But I saw the movement of all the directors around seeking resources. And we already have some talks aimed at keeping basketball, keeping futsal and keeping other sports linked to the Olympics,” he concluded.

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