Corinthians debt up to R$2.7bn in July, Arena payments ease burden

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Central do Timão

·10 de octubre de 2025

Corinthians debt up to R$2.7bn in July, Arena payments ease burden

By Daniel Keppler / Central do Timão Editorial Staff

Despite a decrease in the debt related to the Neo Química Arena with the Federal Savings Bank, Corinthians' total indebtedness increased again in July, according to a balance sheet published by the club on its official website. Now, the total debts of the Alvinegro amount to R$ 2.707 billion – an increase of R$ 69.5 million (or 2.6%) compared to what was recorded in June.

This amount refers to the gross debt, which is the sum of all debts contracted by Corinthians, including the financing of the construction of the Neo Química Arena. In the analysis of the net debt, which subtracts from the gross amount the so-called availabilities (cash, bank applications, investments, among others), the value reaches R$ 1.981 billion – an increase of R$ 25.8 million (1.3%) in a month.

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Photo: Rodrigo Coca/Ag. Corinthians

In both cases, these are record debt values in the club's history. But the figures could be even worse, if it were not for the reduction of the Alvinegro's debt with the federal bank for the stadium in Itaquera. The debtor balance went from R$ 675.2 million in June to R$ 655.3 million in the following month, representing 24.2% of the gross debt and 33.1% of the Alvinegro's net debt.

The reduction in the debtor balance of the Neo Química Arena was already expected by Corinthians' financial department for July. The information had been advanced to Central do Timão in September, when the club announced a deficit of R$ 60.2 million in the accounts in the first half of the year. Remember here the article.

At the time, the editorial staff questioned Corinthians about the increase of R$ 7.2 million in the stadium's debt in the first six months of 2025. In response, the club claimed that the amortizations of the debtor balance for the stadium occur quarterly, through the four annual payments made by the club to the Bank, and that the next amortization would be recorded in July. It was projected, however, that the debtor balance would be around R$ 645 million – a little less than the R$ 655.3 million actually found.

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