Henrique do Carmo sale: São Paulo nearly doubles transfer income | OneFootball

Cotia’s Gem Left Morumbi for a Ridiculous Amount (Rubens Chiri/SPFC)

RAFAEL EMILIANO@rafaelemilianoo

Although the real value of player negotiations involving São Paulo is rarely made official — just ask Galoppo —, based on estimates published by the press, it’s possible to get an idea of how much the club has raked in from sales, loans, and solidarity mechanism in 2025. After the sale of Henrique do Carmo to CSKA, it’s estimated that the total amount is close to R$ 260 million.

This corresponds to about 67% more than what was forecast in the club’s budget for the season (R$ 154.8 million).

However, if you consider only what was budgeted for the first nine months of the year, this percentage rises to 134%, which is more than double: for that period, the club projected R$ 110.6 million from this type of revenue.

It’s worth noting, though, that not all amounts are paid upfront: some are paid in installments. However, for accounting purposes, to determine surplus or deficit, they are included in the 2025 fiscal year, even if they are only received in the future.

Furthermore, not all the amounts from sales will remain in São Paulo’s coffers, as they refer to what was actually paid by the buying club.

In other words, São Paulo will have to transfer a percentage to other holders of economic rights. In the case of Henrique do Carmo, for example, the club is entitled to only 85% of the sale. It’s not clear whether the amount listed in the budget refers to 100% of the rights, with the transfers listed under expenses.

This is one of the reasons why a similar table circulating on social media is different from the one published alongside this report.

Another reason is the value of some of the transactions. For revenues from the solidarity mechanism. Finally, the other table includes the names of Patryck, whose loan to Pafos, in Cyprus, was aborted — he even trained with the squad this Tuesday (9th) — and Vitinho, whose transfer from Atlético San Luis to Tijuana did not trigger the solidarity mechanism, as it involved clubs from the same country, Mexico.

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