O Corinthians, one of the most traditional clubs in Brazilian football, was evaluated in R$ 3.8 billion for the Convoked Consulting. According to the study, the club would position itself as the 121st most valuable company of B3 (Bolsa de Valores do Brasil), comparable to companies such as Minerva and MRV, which belong to the same control group of Atlético-MG.
Proposal for Acquisition and Capital Opening
OTB Sports, led by Bruno Paiva and Marcelo Goldfarb, expressed interest in acquiring the Corinthians via the Anonymous Football Society (SAF). The proposal would include the resolution of the club's debts and a subsequent opening of capital on the stock exchange. The club's total debt, including that of Neo Química Arena, surpasses R$ 2 billion, which would leave the Corinthians with a market value of R$ 1.5 billion.
Evaluation Methodology
Convenes used a methodology based on European models to calculate the value of Corinthians, multiplying the club's revenue by its competitive capacity. In 2023, the Corinthians recorded a revenue higher than R$ 900 million, located on the first shelf of clubs with high financial competitiveness, with a multiple of 4.14 times the annual revenue.
Comparison with Other Clubs
This assessment puts the Corinthians in a privileged position, with a market value higher than that of large business groups such as Guararapes and Cogna. Even after the loss of debts, the value of the club remains considerable, especially when compared to other Brazilian clubs that adopted the SAF model, such as the Botafogo, which has a negative R value$ 800 million due to your debts.
Future Perspectives
Although the presidency of the Corinthians affirms that there are no plans to sell the club or turn it into a SAF, the interest of large investors and expressive appreciation highlight the financial potential of the club. The opening-up of capital could bring new opportunities for growth and investment, strengthening the competitiveness of Corinthians in the scenario of brazilian football.
