Massis board plans overhaul and cuts to fix São Paulo’s finances | OneFootball

On Monday (16th), São Paulo held the first meeting of the Institutional Transformation Movement. The meeting brought together 26 managers from all departments, including executives from the board and members of the Deliberative Council.

“It marks the beginning of a rigorous plan to restore financial health and sporting prominence to Tricolor with sustainability, allowing the club to maintain permanent high-level sports competitiveness,” says the text published by the club on its official website.

Led by President Harry Massis Júnior, with the support of the presidential advisor Marcelo Pupo, and coordination by councilors Daurio Speranzini and Flavio Marques, the project establishes new guidelines for the club's management.

The central point of this new phase is the implementation of the so-called 'Golden Rule': the commitment that operational expenses cannot, under any circumstances, exceed recurring revenues.

One of the objectives of this implementation is, in the medium term, to eliminate the dependency on athlete sales to cover basic costs, ensuring structural balance and budget predictability.

According to São Paulo, the plan foresees that as internal management culture transformations occur, through austerity and well-defined processes, this type of non-recurring revenue can be redirected for other purposes, such as amortizing the club's debt and reinvesting resources in football.

This deep restructuring work will have an intensive execution schedule over the next 20 weeks. During this period, all areas of the club will undergo process reviews, contract renegotiations, and budget adjustments based on two pillars: structural cost-cutting and redefining the debt profile to extend payment terms.

“We are establishing a new standard of governance,” stated Massis. “The massive presence of our executive leadership and members of the Deliberative Council at this first meeting reinforces that this is a movement of the entire institution. We have a clear path to implement the foundations of a sustainable and victorious São Paulo.”

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