"Leave Corinthians alone", says Stabile after finance criticism

In partnership with

Central do Timão

·27 de novembro de 2025

"Leave Corinthians alone", says Stabile after finance criticism

By Fabio Luigi / Central do Timão Editorial Team

This Wednesday (26), the president of Corinthians, Osmar Stabile, participated in the Summit CBF Academy, an event by the Brazilian Football Confederation (CBF) held in São Paulo, and spoke about the statements from leaders of other clubs regarding the finances of the Alvinegro.

At the same event, shortly before, Leila Pereira, president of Palmeiras, stated that it is unfair for clubs to win tournaments without paying and honoring their commitments. The Corinthians leader asked for the club to be left in peace: “I just want to leave a message here: it was said in one of these lectures that ‘you can be a champion owing something’. I want to tell the club presidents who are constantly criticizing Corinthians to take care of their own clubs, leave Corinthians in peace.”

Vídeos OneFootball

Photo: Rodrigo Coca/Agência Corinthians

With 2.7 billion in debts, Corinthians is experiencing the most delicate financial moment in its history. Recently, the club had its debt payment plan – Centralized Execution Regime (RCE) – rejected by the São Paulo Court, which detected a series of irregularities in the proposal.

The plan consisted of settling R$ 367 million over 10 years. Despite the rejection, the Court extended the deadline by 60 days so that the club's debts present in the RCE are not executed. If the Alvinegro does not remodel the offer, the debt settlement plan ceases to exist, and the club will have to negotiate with all its creditors individually.

“Every three months, there are presidents who come forward to criticize Corinthians, the administration is serious, believe in the current administration. Corinthians has been working with the current president seriously, seeking to fulfill commitments,” added Osmar Stabile.

Furthermore, Corinthians is currently prohibited – since mid-August – from making signings due to a transfer ban by FIFA. This punishment refers to a debt of R$ 40 million with Santos Laguna, from Mexico, for the signing of Ecuadorian defender Félix Torres in January 2024. The Parque São Jorge club even negotiated with the Mexicans to pay 70% of the amount upfront and the rest in installments. However, the offer was rejected. They demanded 90% of the debt amount as a down payment.

Corinthians was also ordered to pay R$ 40 million to Paraguayan midfielder Matías Rojas, who played with the Corinthians jersey between July 2023 and February 2024. This amount refers to everything the player would have received until July 2027, when his contract would end. The Corinthians leadership is negotiating with the midfielder's staff so that the Alvinegro does not suffer another FIFA sanction.

The Parque São Jorge club also has pending issues with Cuiabá at the National Dispute Resolution Chamber (CNRD) – a CBF body – for the signing of midfielder Raniele at the beginning of 2024. The president of the Midwestern team, Cristiano Dresch, was present at the “Summit CBF Academy” event.

How will CBF's Financial Fair Play work?

During the Summit CBF Academy, the Brazilian Football Confederation also officially launched the Financial Sustainability System (SSF) of Brazilian football, which will be valid from January 2026 and will apply to teams in the Brasileirão Series A and B.

In effect in European football for some seasons in competitions in Spain, England, France, Portugal, Italy, and UEFA tournaments, financial fair play in Brazil will have the following pillars: financial balance, control of overdue debts, control of squad costs, and short-term debt capacity. The details were initially disclosed by ESPN Brasil.

Photo: Staff Images/CBF

Additionally, the National Agency for Football Regulation and Sustainability (ANRESF) was created, an independent body from the CBF, to monitor the financial fair play of Brazilian football and, if necessary, apply sanctions such as: revenue retention, transfer ban, points deduction, relegation, refusal or revocation of license, as well as the signing of Conduct Adjustment Agreements (AAC).

ANRESF will be formed by seven professionals appointed by the Brazilian Football Confederation for a four-year term. To hold these positions, proof of economic-financial or legal recognition is required. For the first term, the following were appointed: Caio Cordeiro de Resende, Cesar Grafietti, Marcelo Doval Mendes, Pedro Henrique Martins de Araújo Filho, Vantuil Gonçalves Junior, Igor Mauler Santiago, and José Fausto Moreira Filho.

The National Agency for Football Regulation and Sustainability (ANRESF) will have a two-instance structure – Panels and Plenary –, where all decisions made by the Plenary (appeal instance) will be considered final and irrevocable. Besides affecting clubs, the penalties can also affect individuals, ranging from warnings, suspensions, fines, bans, and even prohibition from holding positions. The Agency will also be responsible for issuing complementary regulations, operational manuals, and instructions that may facilitate compliance with the financial laws imposed in the CBF's fair play program regulations.

See More: