Corinthians resumes talks with Caixa, sets Arena naming rights timeline | OneFootball

By Fabio Luigi / Central do Timão Editorial Team

Corinthians has resumed talks with Caixa Econômica Federal to discuss the naming rights contract for Neo Química Arena. Central do Timão has learned that, in a meeting held last Thursday (23), the talks moved forward positively toward a change in the agreement.

The report also found that the Corinthians board, led by president Osmar Stabile, expects the club to make a decision on the matter within up to three months. It is worth noting that, previously, Alvinegro hired a specialized consultancy to carry out the stadium’s valuation, a study that assesses whether the amount currently being received is compatible with the arena’s revenue potential in the market.

Photo: José Manoel Idalgo/Agência Corinthians

In the negotiations, Corinthians’ main strategy is to find a definitive solution for paying off the debt with Caixa Econômica Federal, estimated at around R$ 660 million, related to the construction of the arena, inaugurated in 2014 for the 2014 FIFA World Cup.

Another factor that could make a possible change to the agreement easier is the reduction of the termination fee with Hypera Pharma, owner of the Neo Química brand, which holds the naming rights to Corinthians’ stadium. Since August 2025, this amount has been gradually decreasing and could reach the level of R$ 50 million.

The current agreement has been in effect since September 2020, when Corinthians and Hypera Pharma signed a contract providing for the payment of R$ 300 million to the club, divided into 20 annual installments of R$ 15 million. With monetary adjustment based on the IGP-M, the annual amount currently stands at around R$ 21 million.

In recent weeks, it is worth highlighting, Corinthians announced a change in the management company of Neo Química Arena, which is now being handled by Asaracok Asset Management and Genial Investimentos CVTM, replacing REAG. The former management company is under investigation by the São Paulo Public Prosecutor’s Office and the Gaeco as part of Operation Hidden Carbon.

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