On the night of Monday, the supervisory bodies of Corinthians approved the budget proposed by the current board for 2025. The document went through the screening of the Fiscal Council, the Guidance Council (Cori) and the Club Deliberative Council. The Cori, however, asked for the withdrawal of the kitty organized by the Faithful Gaviões from the budget.
The information was disclosed by Timon Center and UOL Sport. The high alvinegra summit, led by President Augusto Melo, provides a gross revenue of R$ 795 million – an increase of 13% over 2024 (R$ 702 million). In addition, there is the expectation of closing next year with the R$ 34 million.
As shown by My Timon, the budget projection also brings results of 2024, which was well below the forecast at the beginning of the year. O Corinthians ends the year with financial deficit of R$ 237.8 million, unlike the estimated R surplus$ 17.5 million.
Veto doeArena
Despite approving the budget, Cori asked that the DoeArena project be removed from the budget forecast. As published by My Timon in the last week, the Corinthians had the campaign, carried out by Gaviões da Fiel, as the main point to reduce the debt of Neo Química Arena.
The alvinegro club divided the impact into five scenarios, considering that the Doe Arena action Corinthians, which has been on the air since November 28th, accumulate R$ 50 million at the end of 2024. Thus, the most optimistic view foresees a collection of R$ 600 million in the coming year, which would be zeroed in interest expenses already in 2026 at Caixa Econômica Federal.
Still according to the UOL Sports, Cori also asked for the withdrawal of the project to offer Neo Química Arena shares to the market in 2025. The Real Estate Fund of the Arena was created by the management Duilio Monteiro Alves and rescued by Pedro Silveira, current financial director.
With vetoes, the Corinthians you will need to review the debt reduction forecast.
Revenue
The main source of billing to the alvinegro club will still be the transmission rights: R$ 340 million. From 2025, it is worth highlighting, the Corinthians has agreement with the Liga Forte União (LFU) for the assignment of rights until 2029 in Brasileirão, with annual value of R$ 220 million.
Other highlights are the expectation in the transfer of the federative rights of athletes and sponsors. Timon expects to make R$ 181 million net with the sale of players and R$ 212 million in sponsorship contracts.
| Origin Recipes | Projection of values |
|---|---|
| TV rights | R$ 340 million |
| Sponsorship | R$ 212 million |
| Pass of federative rights (player sales and solidarity mechanism of Fifa) | R$ 241 million |
| Game shooting (ticketery) | R$ 114 million |
| Brand revenue and other (license, allowances, royalties, Faithful Twister, lottery and miscellaneous recipes) | R$ 98 million |
| Contributions from members (sale of equity and monthly securities) | R$ 28 million |
| Commercial explorations (locations such as theatre, memorial, noble hall, shopping points, events and partnerships) | R$ 4 million |
The club may have an increase in sports performance, although it has set modest goals for the male professional team. O Corinthians has the following objectives:
- Paulista: semifinal
- Brazil Cup: quarterfinals
- Liberators: final octaves
- Brazilian Championship: Eighth place
Expenditure
Regarding spending, the Corinthians expects to save 20% from 2024 to 2025: R$ 693 million to R$ 554 million. The expenditure follows the following line:
| Origin of expenditure | Projection of values |
|---|---|
| Personal expenses (wage sheets in general) | R$ 346 million |
| General and administrative (event costs, maintenance) | R$ 92 million |
| Other expenditure on games | R$ 45 million |
| Serviços | R$ 70 milhões |
| Despesas com repasses dos direitos federativos | R$ 60 milhões |
| Amortização e depreciação | R$ 102 milhões |
| Despesas financeiras líquidas (juras e multas ao saldo devedor) | R$ 232 milhões |
Dívida total
The debt of Corinthians cresceu em relação ao último orçamento, saltando de R$ 1,9 bilhão para R$ 2,39 bilhões. Deste total, R$ 657 milhões correspondem à Neo Química Arena e R$ 1,7 bilhão é referente ao clube.
