Citadini urges Corinthians board to split football and social club finances | OneFootball

Antônio Roque Citadini, who was defeated in the presidential election by Osmar Stabile, has submitted a proposal for statutory change to the Deliberative Council of the Corinthians, along with member Cyrillo Cavalheiro Neto. It involves accounting and budgetary segregation between the social department and the football department.

The request, which Gazeta Esportiva had access to, suggests the establishment of clear rules for the separation of financial management between the club's social activities, located at Parque São Jorge, and football, which includes the main men's team, women's team, and youth categories.

The current social statute does not provide for this division in detail, which, in Citadini and Cyrillo's understanding, hinders the individualized performance analysis and financial accountability of each department. They argue that by separating the accounts, Corinthians will have "better financial oversight, more rigorous budget management, and financial self-sustainability in each area", preventing losses or profits from certain sectors from masking the reality of another.

(Photo: José Manoel Idalgo/Agência Corinthians)

What the proposal says

The document proposes that the football department manage its revenues and expenses autonomously, including broadcasting rights, sponsorships, player transactions, ticket sales, and fan membership programs, among other resources that would be exclusively allocated to investments in football.

The social department of Corinthians, in turn, would also have independent financial management. Its maintenance costs, infrastructure, recreational activities, and events will primarily be covered by the revenues generated by its activities, such as membership fees, service fees, space rentals, and specific social area sponsorships, among others.

The Olympic sports modalities should seek, with the support of the marketing department, external financing, such as specific sponsorships, agreements with public and private entities, and the use of tax incentive mechanisms and sports promotion laws.

The non-Olympic sports modalities, such as bocce, shuttlecock, tambourine, and associative football, would be subsidized by revenues from the social department's membership fees or by extraordinary fees specific for their maintenance and development, to be defined and approved by the club's competent bodies, based on their budget planning.

Next steps

The request was delivered to Romeu Tuma Júnior, president of Corinthians' Deliberative Council. He must now forward the idea to the Statute Reform Commission, which will debate and decide how this proposal will be carried forward.

One possibility is that this and other parts of the statutory reform are taken to be voted on separately.

Statutory reform schedule

According to the statutory reform schedule, presented by Romeu Tuma Júnior and Leonardo Pantaleão, vice of the CD, earlier this month, the expectation is that the pre-project will be finalized in September. In October, it should be submitted for final analysis and discussions.

Once the text is ready, the Council will deliberate on the approval of the new statute so that it can later be voted on in a General Assembly, with the presence of the associates. This should happen between November and December. If approved, it will come into effect immediately.

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