Corinthians board okays budget review, expects R$83m deficit in 2025 | OneFootball

The Deliberative Council of Corinthians approved, on Monday night, the revision of the budget forecast for the 2025 fiscal year. The new budget was approved by acclamation at the extraordinary meeting of the Council, held at Parque São Jorge, the club’s social headquarters.

The revision of Corinthians’ budget for 2025 now foresees a deficit of R$ 83 million at the end of the year. The former board, led by the ousted president Augusto Melo, had projected a surplus of R$ 34 million at the end of 2024.

The difference between the amount budgeted at the end of 2024 and the revised figure in October this year is therefore almost R$ 120 million.

The information was released by Corinthians through an official statement. The new budget was organized and presented to the council members by the current executive board of the club, with Emerson Piovesan as the financial director and Roberto Gavioli as the financial manager.

(Photo: José Manoel Idalgo/Agência Corinthians)

The Corinthians Deliberative Council consists of 299 council members, both lifetime and triennial. However, only 136 of them were present at Parque São Jorge and voted in favor of the new budget.

Although no council member voted against the budget revision, 26 council members registered their intention to have the new budget sent for further review.

Before being approved by the Deliberative Council, the new budget for 2025 was also reviewed by the Fiscal Council and the Advisory Council (Cori) of Corinthians.

According to the current board, the revision of the 2025 budget was necessary due to figures that were far from those found when they took over the club’s management in May of this year.

Read Corinthians’ full statement:

“The Presidency of the Deliberative Council of Sport Club Corinthians Paulista informs that the revision of the budget forecast for the 2025 fiscal year – presented by the current Executive Board of the club – was approved by acclamation at the extraordinary meeting of the Council held on Monday night (6).

Even with no votes against, 26 Council Members registered their intention to have the budget revision sent for further review. The vote was attended by 136 Council Members in the Corinthians Theater, at Parque São Jorge.

The revision of the budget forecast for the 2025 fiscal year projects a deficit of R$ 83 million (instead of the surplus of R$ 34 million stipulated at the end of 2024) and received recommendations for approval from CORI and the Fiscal Council – CORI, in particular, recommended at least quarterly follow-up audits“.

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