Corinthians president on 2025 accounts approval, details financing | OneFootball

On Monday night, Corinthians’ Deliberative Council approved the financial statements for 2025, a period covering the administrations of Augusto Melo and Osmar Stabile. The club’s current president, Stabile, who took office in May after his predecessor was removed, commented on the process and highlighted the way the accounts were presented.

“The accounts were put to a vote in the way we understood had been properly cleaned up. We did something that had never been done before, which was to clean up Corinthians’ accounts. Nothing was left out. If anyone could say there was any doubt about this or that, there isn’t. Corinthians’ accounts were fully set straight today. Because we made sure that everything extra in the financial statements was taken out. What happened today was the plain, naked truth,” the executive said at a press conference.

Photo: Rodrigo Coca/Ag. Corinthians

The meeting took place at the club’s theater in Parque São Jorge and was attended by 178 council members, including both three-year and lifetime members. At the end of the vote, 106 were in favor of approval, while 68 voted against it. Another four did not take part because they hold positions on the current board.

The 2025 financial report shows a deficit of R$ 143 million, in addition to total debt reaching R$ 2.7 billion. Although revenue came in 17% above the initial forecast, spending also rose beyond expectations, increasing by 22%. The document had already been approved by the Advisory Council and the Fiscal Council, albeit with reservations — an option that was not put to a vote this time.

“This bill does not belong to President Stabile, it belongs to Corinthians. People weren’t voting on the president, they were voting on last year’s accounts, which we received the way we received them and now have to pay. There were two transfer bans, one from FIFA and another from the CBF. What people don’t understand is that, in one case, for example, you had 18 million to pay a player. Suddenly, with interest and monetary adjustment, it rises to 41 million. That difference goes into the account of whoever is paying now. If I didn’t have to pay it at this moment, I wouldn’t have these taxes, these monetary adjustments that have occurred and others that will still occur. Two have already happened, there’s Santos Laguna, that was paid too. So, everything looks very bad, apparently, but the accounts showed what we actually had in effective debt and what caused those debts. We still have several other cases to pay. The main one now is Talleres, which we are working out to pay by the end of the week,” the president explained.

One of the issues that generated the most debate among council members was the inclusion, in the 2025 financial report, of savings of more than R$ 200 million related to an agreement signed with the federal government at the beginning of this year. Some members and the external auditors believed that this amount should appear only in the 2026 accounts.

“You took all the tax expenses and put them into 2025. When the revenue comes, you put it into 2025 as well. You started with all the expenses, from the time negotiations began, back in March 2025, all the expenses that came in. When you stop paying the installment plan and put it into tax restructuring, that entire amount falls at once as Corinthians’ debt. And then you take all that expense, put it into 2025, and then put the revenue into 2026? That’s wrong, because then it made the hole in 2025 look much bigger. And then, in January 2026, a surplus of 500 million already appeared. So can I go out and start buying players? No. It’s only on paper, that money didn’t really exist. The way it was done was better for the institution, in a way that caused no harm. Anyone looking to invest in Corinthians will continue investing. And we will keep working to show that Corinthians will grow from here on. I want to get to the end of this year with a solid reduction in Corinthians’ debt,” Stabile detailed.

The Deliberative Council will meet again next Wednesday, also at Parque São Jorge, to discuss and vote on matters related to reforming the club’s bylaws, which will later be taken to the General Assembly of members. According to the president, the approval of the accounts should not affect that next meeting.

“I don’t think it has anything to do with it. A vote on the accounts and a vote to approve the bylaws are completely separate. This one is the presentation of accounts. I think it will be a normal meeting like the one that happened here today,” he concluded.

In addition to Osmar Stabile, Corinthians vice president Armando Mendonça also spoke to the press as he left Parque São Jorge, but avoided going into much detail on the matter. The member of the current administration celebrated the approval of the accounts and saw it as a way to increase the board’s credibility.

“I think it was an important council meeting, respectful, and I think this approval was an important step for Corinthians, for the credibility of the administration. The council members understood the numbers, the club’s situation, and I think it is a vote of confidence in the administration,” he said.

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