Corinthians estimate R$ 200 million debt cut after Union deal | OneFootball

Corinthians say their new agreement with the Procuradoria-Geral da Fazenda Nacional, PGFN, to regularise tax debts will reduce overall gross liabilities by about R$ 200 million.

The deal renegotiates R$ 1.2 billion owed to the Union, applies a 46.6% discount to interest, fines and charges, and sets repayment of R$ 679 million over 10 years.

Part of the discount had already applied under a previous transaction, so the impact on the present balance is limited to that figure.

The latest available balance, from November 2025, lists R$ 2.151 billion in debt. Adding the R$ 661 million tied to Neo Química Arena financing brings the total to R$ 2.8 billion.

Formalisation of the agreement enables the club to seek a Certidão Negativa de Débitos, CND, considered essential for full institutional regularity and for broader administrative and commercial opportunities.

Source: Globo.com