With debts nearing R$3 billion, Corinthians report rising deficit for 2025 | OneFootball

Osmar Stabile's management presented, on the evening of last Monday (26), to the Corinthians' Advisory Council (Cori), the financial statement for the month of November 2025. The meeting also marked the official start of the body's auditing work in 2026 and included the resumption of pending agendas from the previous term, already discussed in previous meetings.

In the financial statement presented to Cori, which Central do Timão had access to, Corinthians recorded an accumulated deficit of R$ 247.8 million in the first 11 months of 2025, a result that represents an increase of just over R$ 43 million compared to October, when the loss amounted to R$ 204.2 million in the ten-month consolidated period.

Photo: Rodrigo Coca/Ag. Corinthians

The document also indicates that, by the end of November, the club had accumulated a total liability of R$ 2.864 billion, a sum that includes all short and long-term obligations, including financial, tax, and operational commitments, such as loans, installments, and financing related to the Neo Química Arena, as recorded in the current and non-current liabilities headings.

Football numbers:

In the football segment, considering the 11 months analyzed in 2025, Corinthians recorded R$ 629.457 million in gross revenues, with the main source being broadcasting rights, responsible for R$ 291.561 million. Following this, sponsorship and advertising revenues amounted to R$ 151.941 million, along with match revenue, totaling R$ 106.131 million. Revenues from awards, the Fiel Torcedor program, and other items totaled R$ 79.824 million.

In addition to these operational revenues, the club recorded R$ 107.205 million from the sale of athletes, a value that was reduced by R$ 18.059 million due to legal deductions, resulting in a net R$ 89.145 million from player negotiations.

On the expenses side, football expenses reached R$ 691.321 million, showing significant growth compared to October. The main expenditure was again on personnel, totaling R$ 415.552 million. Other expenses included third-party services (R$ 34.219 million), general and administrative expenses (R$ 42.776 million), other match expenses (R$ 47.094 million), other football expenses (R$ 29.171 million), as well as amortization and depreciation (R$ 92.082 million) and allocation of administrative expenses (R$ 30.428 million).

Although the operational result of football was positive during the period, the inclusion of amortization, depreciation, financial expenses, and other charges led to a loss of R$ 43.13 million in the department.

Social club numbers:

In the social club sector, which includes Parque São Jorge and all sports modalities outside of football, Corinthians recorded revenues of R$ 67.78 million in the 11 months analyzed. The majority of this amount came from member contributions, totaling R$ 27.56 million, followed by licensing and franchise revenues, which amounted to R$ 23.66 million.

The social club's expenses reached R$ 118.8 million, again surpassing revenues. Of this total, R$ 64.16 million was allocated to personnel, R$ 45.9 million to third-party services, and R$ 34.7 million to general and administrative expenses.

As a result, the social club's operational result was negative by R$ 52.05 million, raising the department's accumulated deficit to R$ 204.7 million in 2025.

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