Report finds Corinthians omitted R$ 150 million from income in debt process | OneFootball

Corinthians face fresh financial scrutiny after a court report found about R$ 150 million in undeclared income within the RCE debt process.

According to Meu Timao, a court-appointed expert said the club declared R$ 64.2 million in February, while bank movements totalled about R$ 213.4 million. The gap is R$ 149.2 million.

The report says Corinthians omitted three revenue lines, financial operations R$ 76.8 million, transfers R$ 65.5 million, and player trading R$ 6.8 million. They still hit the club’s accounts.

The judicial administrator has asked the court to order Corinthians to explain the divergence. They also proposed that income from player sales be used in a reverse auction to settle debts, otherwise directed to future instalments.

The case file notes a cash balance of R$ 20.2 million on 24 February, against around R$ 226 million due immediately under the initial plan. The club has also listed roughly R$ 700 million as probable losses.

Creditors had already highlighted other inconsistencies and unclear criteria for distributing revenues. Even so, the expert wrote that the plan’s legality has been thoroughly tested and should, for now, remain in place.

Asked for comment, the club accepted there was an inconsistency, describing it as a cash management mistake, and said figures will be reconciled with official accounts alongside the judicial administrator. The episode has renewed doubts over financial transparency.

Source: Meu Timao