Corinthians facing a R$204 million deficit by October 2025 | OneFootball

Corinthians accumulated a deficit of R$ 204.2 million in the first ten months of 2025, according to the financial statement for October released by the club this Thursday. The gross debt, including the financing of the Neo Química Arena, remains around R$ 2.7 billion.

From January to October of this year, Timão recorded R$ 617.4 million in net operating revenue and operating expenses of R$ 649.4 million. The result, therefore, was a negative accounting EBITDA of R$ 31.9 million.

Taking into account the R$ 106.5 million obtained from the transfer of players’ federative rights, in addition to other revenues calculated at R$ 8.7 million, and also including other expenses estimated at R$ 287.6 million, the loss amounts to R$ 204.2 million.

Football Expenses

In the football department, expenses remain high. The main point of concern was Personnel expenses, a category that includes salaries, image rights, and labor charges, totaling R$ 377.7 million.

The operational result for the sector was a deficit of R$ 71.3 million. Including the transfer of athletes’ federative rights, the loss was reduced to R$ 21.4 million. The Corinthians social club and amateur sports, in turn, recorded a deficit of R$ 182.7 million.

Deficit Above Expectations

The result for this period represents almost triple the deficit projected for this year. According to the budget review conducted by Osmar Stabile’s board, Corinthians expects to close the season with a R$ 83.3 million loss.

To achieve this result, the club is counting on some revenues expected in December. Timão hopes to receive the television share from Liga Forte União (LFU) and also the prize money from the Copa do Brasil. In case of a title, Corinthians will pocket R$ 77 million. The runner-up receives R$ 33 million.

Furthermore, the club’s board already has approval from Cori (Guidance Council) to take out a loan of R$ 100 million, if deemed necessary. Last Monday, the Corinthians Deliberative Council approved the budget for 2026, which forecasts a surplus of R$ 12 million.

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