Corinthians renew deal with Arena car park operator | OneFootball

In the late afternoon this Wednesday (3), Corinthians officially announced the renewal of its contract with Indigo, responsible for managing parking at Neo Química Arena since 2018, for the next 12 years. The company will pass on 35% of its monthly net revenue to the club, in addition to financing the construction of 2,000 more seats in the stadium’s Upper East section.

The renewal also includes the forgiveness of debts left by previous administrations — estimated at R$ 2.5 million — that the club still owed the company. In addition, starting in 2030, Indigo will pay Corinthians R$ 13 million for the right to use the space. Speaking to the Alvinegro’s official website, president Osmar Stabile commented on the new agreement.

Photo: Bruno Teixeira/Corinthians Agency

“This is another important step toward strengthening the financial and structural foundations of our Arena. The agreement with Indigo represents a strategic partnership that goes far beyond the current operation and paves the way for the modernization and expansion of key spaces, whose expansion project and approvals are already underway with the relevant authorities,” he said.

Unlike what happened during the 2014 World Cup and at the opening games of the 2024 and 2025 NFL editions, when temporary stands were installed, Corinthians said that the Arena’s capacity, with the new seats, should rise from 48,905 to 51,000 people.

“This agreement signed with Indigo is the result of a serious, transparent negotiation conducted with great respect between the parties. I want to express my thanks to Indigo for the partnership and for its confidence in the potential of Neo Química Arena. From the beginning, we found a company willing to build joint solutions, thinking not only about the present, but also about the club’s future,” added the Corinthians president.

Change compared to the previous model

The management of parking at Neo Química Arena has been the subject of internal discussions in recent years. Club members believed that the current contract offered a low financial return to Corinthians, even though the operation was carried out on a structure belonging to the club’s assets.

During 2025, the board considered different possibilities. Among them were proposals from other companies interested in taking over the parking operation and models that would guarantee the club a greater share of the revenue generated.

One of the companies involved in those talks was MultiPark, which even made progress in negotiations to take over management of the space. However, the talks were not concluded, and Corinthians continued discussions with Indigo until reaching the new agreement.

Contract history

The partnership between Corinthians and Indigo began in 2018. At the time, the company took over operation of the Arena’s parking lot through a contract signed during Andrés Sanchez’s administration.

The original agreement provided for conditions that limited changes to the contract during the first years of its term. In addition, there were clauses related to possible termination and financial obligations between the parties.

Over the years, the model came under internal criticism due to what was seen as a limited return for the club. The issue was analyzed by internal committees and also became part of administrative debates involving different administrations.

In 2025, the discussion gained momentum again after reviews of the possibility of restructuring the contract and seeking alternatives that would give Corinthians a greater share in the operation’s financial results.

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