After caveats, Corinthians council approves 2025 accounts | OneFootball

By Larissa Beppler and Henrique Vigliotti / Central do Timão Newsroom

Corinthians’ Deliberative Council (CD) met at Parque São Jorge on Monday night (27), three days before the final deadline for the official publication of the financial statements, to deliberate on the accounts for the 2025 fiscal year, a period in which a deficit of R$ 143.4 million was recorded.

The deliberation concerned the financial statements presented by the board last week, which had already been previously reviewed by the club’s oversight bodies, which issued an opinion in favor of approval with reservations. In line with the recommendations presented, the Deliberative Council approved the accounts by 106 votes in favor and 68 against.

Photo: José Manoel Idalgo/Agência Corinthians

The vote was attended by just over half of the club’s 290 councilors, of whom 174 took part in the deliberation. The meeting was conducted by the acting president of the CD, Leonardo Pantaleão.

At the very beginning of the meeting, André Lavieri, director at consultancy Alvarez & Marsal and responsible for the club’s financial management after Roberto Gavioli’s departure, refused to sign the statement of responsibility required for the presentation of the accounting statements.

Faced with the impasse, a point of order was raised, at which time Romeu Tuma Júnior, the Council’s president on leave, made an official statement. In his remarks, he clarified that Lavieri, as he worked linked to Alvarez & Marsal and not directly for the club, could not be held personally responsible for any consequences related to the financial statements.

President Osmar Stabile, alongside director Emerson Piovesan, signed the document, which allowed the presentation to proceed. The board then presented the financial statements for the last fiscal year. The statements were submitted to an independent audit, which issued a report with reservations.

At the end of the period, the club’s total debt stood at approximately R$ 2.72 billion. The document also points to a one-off reduction in gross liabilities compared with previous months, reflecting ongoing renegotiations.

The statements also record a prior-period adjustment in the amount of R$ 205.5 million, recognized directly in equity, as a result of reassessments of liabilities and contingencies. According to the audit, although the agreement signed has a significant impact on reducing the club’s tax debt, it was only formalized in 2026.

According to reporting by Central do Timão, only four lifetime councilors voted to reject the accounts: Antônio Roque Citadini, Dalton Gioia, Miriam Athiê and Romeu Tuma Júnior. Among the three-year councilors, 65 cast votes against the financial statements.

With approval by the Deliberative Council, Corinthians has until next Thursday (30) to officially publish its financial statements, in compliance with current legislation.

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