Flamengo stadium project moves forward after FGTS deal approved | OneFootball

Agreement Approved by FGTS Means That the Main Authorities Are in Sync on the Stadium Project

Flamengo is getting closer and closer to taking its own stadium project off the drawing board. This is because the Curator Council of the Severance Indemnity Fund for Employees (FGTS) approved, on Thursday (18), the Conciliation Agreement for the Gasômetro Land in Rio de Janeiro.

The agreement addresses the economic and financial rebalancing of the operation that resulted in the expropriation of the area where the red-black sports arena will be built. The club, Caixa Econômica Federal, the city hall, and the fund that managed the lot all have their accounts settled.

What is the next step for construction to begin?

The approval from FGTS gives Flamengo permission to proceed with the bureaucratic and technical stages that precede the start of work at the site. The institution’s president, Luiz Eduardo Baptista, known as Bap, revealed in September that the expectation is to have the structure completed by 2036.

However, the previous management of Mais Querido wanted to finish Flamengo’s home by 2029. Former president Rodolfo Landim was the one who acquired the Gasômetro site in July 2024 for R$ 138 million.

Where is the Gasômetro located?

The new Flamengo stadium will be in São Cristóvão, Rio de Janeiro. Furthermore, the home of Mengão will occupy an area of 86,000 square meters. Thus, the projected capacity is 77,923 people. At Maracanã, for example, the audience limit is over 78,000.

What is the financial cost of the stadium?

The former management of Flamengo, led by Rodolfo Landim, had planned for the arena to cost around R$ 1.9 billion. However, after the first data from the new feasibility study, Bap assured that the estimates are much higher. Therefore, the project could reach R$ 3 billion to build the club’s future stage.

How is Flamengo’s team doing?

While Maracanã is still the home ground for matches, Flamengo has been stacking up trophies over the past seasons. In 2024, the Rubro-Negro won the Copa do Brasil against Atlético MG at Arena MRV. This year, Mais Querido also won the Supercopa Rei, Carioca, Brasileirão, and Libertadores.

After a victorious cycle, the Flamengo squad has started their break. The return of the athletes to training in 2026 still has no set date. Therefore, the under-20 team will be responsible for starting the Carioca. The youngsters are already training at CT Ninho do Urubu.

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