Soccer

BEFORE THE RENAISSANCE, FLAMENGO OWED R$ 700 MILLION LESS THAN CORINTHIANS OWED TODAY

The club's debt today would be R$2.1 billion.

Flamengo / Disclosure
Flamengo / Disclosure

09 Mai 2024 | 08:40 |

Icon Comentário0

This Wednesday details of the audit commissioned by the current Corinthians board of directors for the consultancy firm Ernst & Young on the club's financial situation. The numbers are alarming. The club's debt today would be R$ 2.1 billion.


In the club's balance sheet, already released by the current management, the gross debt would be R$ 1.96 billion, being R$ 1.26 billion from the club and R$703 million from the stadium (financing with Caixa Econômica Federal).


In the presentation to advisors, Corinthians also shows the debt with another calculation, net. According to this criterion, the balance is a little lower: R$ 1.58 billion.


According to ESPN.com.br, Corinthians indicated to Ernst & Young that they want to follow the path of reconstruction of the Flamengo, for whom the company did similar work in 2013, before the process that transformed the red-black club from a broken club to the biggest economic power in South America.

The blog went to find out in 2013 what it was the size of Flamengo's debt at the time according to the same Ernst & Young, which later helped the red-black team in its financial recovery.


At the values ​​at the time, Flamengo owed R$ 750.738 million.

In current values, with the INPC correction, one of the country's official inflation indices, this number today corresponds to R$1.399 billion, or R$700 million less than Corinthians current debt.

In 2013, Flamengo's then financial vice-president, Rodrigo Tostes, spoke about the club's long road to get out of the hole.

"This is bad news in principle, without a doubt. It was more than expected. But we will be able to turn this game around. We are just at the beginning. Is the debt payable? No doubt. But not in the short term."

And he admitted that difficult days were ahead.

"I'm not going to mention a deadline (about when the debt would be paid). It would be a kick, a beak. We restructure the debt, maintain the certificates and bring new projects to Olympic sports. Our day, our reality, no matter how hard it is, is to live one day at a time and pay taxes and pay our employees."


< p>


Soccer

Danilo takes on a leadership role at Flamengo: “I live it every day…”

The defender returned to Mengão's starting lineup after almost three months and the moment with Samuel Lino once again put his leadership role in the spotlight.

Danilo takes on the responsibility of being a leader in the Flamengo squad due to his experience - Photo: Gilvan de Souza/Flamengo
Danilo takes on the responsibility of being a leader in the Flamengo squad due to his experience - Photo: Gilvan de Souza/Flamengo

15 Set 2025 | 08:32 |

Icon Comentário0

Back in Flamengo's starting lineup after almost two months, Danilo started the match against Juventude , last Sunday (14), in the 23rd round of the Brasileirão. The defender, who had not played since July 20, in the victory over Fluminense, spoke about his leadership role within the squad and even revealed a harsher charge made to Samuel Lino during the clash at Alfredo Jaconi.


Danilo on his leadership role at Flamengo: "I accept this responsibility and live it daily"


"This is certainly changing a lot. Many people are taking this path of raising awareness. I'm very pleased that many colleagues are preparing themselves thoroughly, understanding much more about the context not only of football, but also the reality of our country . Obviously, when I came to Flamengo , I already understood that my responsibility would be much greater. I accept this responsibility and live it daily. I have to set an example in training and in how I deal with things internally," said Danilo.


"There too (with the Brazilian national team), I followed a responsible, motivated, and committed approach. I'm annoying. I spoke to Lino, who lost two balls, and I gave him a hard time. I'll continue doing this if he loses balls he shouldn't, and he can talk to me too if I make things easier . That's how we grow and build a winning team. It's been a great pleasure to experience Flamengo , interact with the youth academy, and experience the culture of being a Flamengo player. I hope I'm doing something good for the club," he added.

DANILO'S LAST DAYS


Competing with Léo Ortiz and Léo Pereira, and battling a few injuries, Danilo made his 19th appearance for Flamengo . In total, he has three goals and one assist. In the match against Juventude, he saw Arrascaeta and Emerson Royal seal the Flamengo victory with headers.

BACK TO THE BANK?

The tendency is for Danilo to return to the bench next Thursday (18), since Léo Ortiz will be available again after serving a suspension . Flamengo faces Estudiantes (ARG), at Maracanã, at 9:30 pm (Brasília time), for the first leg of the quarterfinals of the Copa Libertadores.


Soccer

Filipe Luís praises Saúl and highlights the best version of the Flamengo midfielder

Coach highlights dedication and evolution of the Spaniard, who is in a high-performance phase after arriving at the club and an outstanding performance against Juventude

Filipe Luís praises Saúl after Flamengo's victory, highlighting the Spaniard's dedication and recovery - photo: reproduction
Filipe Luís praises Saúl after Flamengo's victory, highlighting the Spaniard's dedication and recovery - photo: reproduction

14 Set 2025 | 19:56 |

Icon Comentário0

After the away win over Juventude , Filipe Luís took advantage of the press conference to discuss Saúl's current form. The Spaniard has been one of the team's standouts this season , contributing assists, marking, and attacking presence. For the coach, the midfielder is enjoying the peak of his career and is a model of professionalism.


"We're seeing the best Saúl . Perhaps the best Saúl of his career. That's thanks to him and, obviously, to the club for believing in and being able to recapture this player's potential. Everyone knows about his career and the crucial role he played wherever he went , especially at Atlético Madrid. But recapturing the best Saúl was a challenge, and it was up to him," he said before concluding.


" He's at a very high level. I think having a son is always a great motivator . I also didn't expect that after all this effort, waking up at 4 a.m., catching two flights, and playing here for 90 minutes, he would play with such quality. He's a unique player, and we're very lucky to have him here with us," said Filipe Luís.


DEDICATION AND OVERCOMING

Saúl was one of the players responsible for the decisive pass that led to the first goal in the victory against Juventude and has been consistently performing in various competitions. According to members of the football department, his dedication to training and his quick adaptation to the club have been key factors in his improved performance.


FLAMENGO REMAINS LEADER

With Filipe Luís at the helm, Mengão has 50 points in the Brazilian Championship and still has a game in hand . Their next match will be in the Libertadores, against Estudiantes, on Thursday at 9:30 pm at Maracanã.


Soccer

Filipe Luís admits Flamengo's total focus on the Libertadores: "They're a great opponent..."

The coach of Mais Querido highlights the importance of the quarterfinals of the international competition, but explains that he only started thinking about the duel with Estudiantes

Filipe Luís highlights the importance of the game against Estudiantes after Mais Querido's victory over Juventude and remains focused on planning - photo: reproduction
Filipe Luís highlights the importance of the game against Estudiantes after Mais Querido's victory over Juventude and remains focused on planning - photo: reproduction

14 Set 2025 | 19:45 |

Icon Comentário0

After Flamengo's victory over Juventude at Alfredo Jaconi Stadium, which ended a 28-year drought, Filipe Luís made a point of keeping his feet on the ground when discussing the upcoming Libertadores challenge . While acknowledging the magnitude of the quarterfinal match against Estudiantes, the coach emphasized that all his preparation up to that point had been focused on the Brazilian Championship.


"You're right when you say it's the most important game of the year. For me, it is. Given the importance of the Libertadores quarterfinals against Estudiantes. After the incredible season we've had, of course it's the most important game of the year. But honestly, I only prepared for the Juventude game. I did everything thinking about how to beat Juventude," he said before concluding.


"Starting tomorrow, we'll begin studying and working to determine the best solutions to face Estudiantes. They're undoubtedly a formidable opponent, especially since they're one of the Argentine teams that competes so well. We have Central Córdoba in the group stage as an example," said the coach.


GREAT VICTORY IN THE SOUTH

With the positive result in Caxias do Sul, Flamengo reached 50 points in the Brasileirão and maintained its sole lead, with a game in hand over second-place Palmeiras. Cruzeiro is in third place and could close the gap in the standings. The match against Estudiantes is scheduled for Thursday at 9:30 pm at Maracanã.


FILIPE LUÍS'S FAREWELL?

When asked about the offer from Fenerbahçe of Turkey, Filipe Luís said he was flattered by the foreign interest , but emphasized that it wasn't the right time to leave. The coach revealed he was clear about his professional goals and emphasized that he was focused on his current job.




envelope SUBSCRIBE NEWSLETTER

envelopeSUBSCRIBE NEWSLETTER


Emerson Royal celebrates his first goal for Flamengo: "I've been working hard..."
Soccer

Emerson Royal celebrates his first goal for Flamengo: "I've been working hard..."

14 Set 2025 | 19:28

Icon Comentário0
Arrascaeta highlights Filipe Luís's work at Flamengo and 'criticizes' the former board
Soccer

Arrascaeta highlights Filipe Luís's work at Flamengo and 'criticizes' the former board

14 Set 2025 | 18:56

Icon Comentário0
Filipe Luís opens up about Fenerbahçe's proposal and possible departure from Flamengo
Soccer

Filipe Luís opens up about Fenerbahçe's proposal and possible departure from Flamengo

14 Set 2025 | 18:43

Icon Comentário0