Vasco have triple Real Madrid’s cash reserves, here’s why | OneFootball

Vasco da Gama is experiencing an unusual and positive financial situation at the start of this season. A recent accounting survey revealed that the Rio de Janeiro club has about three times more cash on hand than the powerful Real Madrid. This curious difference is evident when directly observing the net amounts available for immediate transactions in the transfer market, putting the Brazilian club ahead of the European giant in this specific indicator.

This surprising figure quickly circulated among fans and financial analysts who follow the daily life of the historic hill. Although the total revenue of the foreign club is infinitely greater, Vasco’s immediate liquidity draws attention and attests to its current financial breathing room.

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The numbers from the judicial report

According to data presented in the judicial recovery process, the institution closed the year 2025 with approximately R$ 60 million free in its coffers. The official amount is detailed in the 10th Monthly Activity Report, a document that tracks the real economic situation of the association and Vasco SAF.

The balance sheet was prepared and signed by the judicial administrator Wald and officially submitted to the 4th Business Court of Rio de Janeiro. On the other side of the ocean, the Merengue team closed the last transfer window with only 3.4 million euros available, an amount equivalent to about R$ 20 million at the current exchange rate.

Photo: Gemini/Papo na Colina

Internal measures of Vasco’s current management

In addition to exposing the momentary advantage over the team from Spain, the report details the next steps behind the scenes of São Januário’s administration. The management led by Pedrinho has decided to hire an independent auditing firm to review all recent financial statements. The in-depth analysis mainly covers the last months of last year and may lead to new technical adjustments in the final numbers, ensuring total transparency in the restructuring process.

Vasco’s board is also making significant progress in negotiations with the Office of the Attorney General of the National Treasury (PGFN). The main objective of the legal department is to adhere to the Individual Transaction modality to resolve and address old tax debts, maintaining responsibility for long-term financial health. The ongoing process consolidates the current phase of organization that has led to the unlikely scenario of surpassing the coffers of one of the richest clubs on the planet.

Pedrinho and CEO Carlos Amodeo – Photo: Dikran Sahagian/CRVG

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