Corinthians president updates on Caixa talks, forms debt committee

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Central do Timão

·15 de enero de 2026

Corinthians president updates on Caixa talks, forms debt committee

By Vinícios Cotrim | Central do Timão Editorial Team

One of the main obstacles for Corinthians to balance its debt is the amount it must pay to Caixa Econômica Federal for the construction of the Neo Química Arena. In addition, an agreement signed between the parties blocks part of the amounts received by the club, making cash flow more difficult. President Osmar Stabile spoke about the negotiations, which are currently in the stage of evaluating the real value of the stadium.

“We have talked, we are in the valuation phase. You know that Caixa is a state-owned company, 100% state-owned. So, the process is a bit slow, different from when you have a mixed company, where things can move a little faster. They have to go through several processes, several approvals. So, the process takes a little longer. We are still in this valuation phase. I believe this will be resolved as soon as possible, I think during this month we will finish this valuation and then we will start talking. As I told you, we have two or three avenues. Today we have three avenues that we can try to solve the Caixa problem,” said the president to Alambrado Alvinegro.

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Photo: Rodrigo Coca/Ag. Corinthians

One of the possibilities is renegotiating the debt, changing the interest rate, which could reduce the gross amount paid by the club to the state bank. In 2025, around R$ 93 million was paid in four installments to Caixa. In addition, there is also the possibility of changing the naming rights.

Because of this contract with Caixa, signed in 2022, Corinthians is in the process of creating a committee to analyze all agreements made by the club. The goal is to review what the real debt of Corinthians is, since many debts have been paid and charged in recent years.

“The committee is already formed and will be launched this week to manage all of Corinthians’ contracts with Caixa Econômica Federal. The group will analyze everything from the original document to the current one, checking each payment made. There are many comments that the club has never paid anything, so we want to determine all the amounts paid so far, including interest and adjustments, to understand the real current situation,” said Stabile.

“The financial difficulty is enormous. This year, for example, the commitment with Caixa is around R$ 110 million. For a club in our current reality, raising this amount is a huge challenge. We already have R$ 34 million withheld at the institution; unfortunately, the Copa do Brasil prize money was blocked there, which prevented us from using the funds to honor other obligations that were already committed,” he added.

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