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EITA! FLAMENGO RECEIVES LAND IN EXCHANGE FOR SPONSOR’S MILLIONAIRE DEBT
In an attempt to settle the debt, Neville Proa, owner of Viton 44, reached an agreement with Rubro-Negro.
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The legal dispute between Flamengo and Viton 44, the club's former sponsor, involving a long-standing debt, appears to be coming to an end with a creative solution in the form of a real estate transaction involving land. In 2015, Viton 44, known for its energy drinks 'Guaravita' and 'Guaraviton', signed a R$20 million contract to sponsor Flamengo.
The agreement provided for the brands to be displayed on the back and club uniform sleeve. However, after the contract was not renewed in 2016, the company ended up accumulating a debt of R$4 million with the Rio club, which, with corrections, now totals approximately R$7.2 million.
In the attempt To settle the debt, Flamengo and Neville Proa, owner of Viton 44, reached an agreement at the end of last year. The club received as payment a land measuring 10,688.86 m² located in Mangaratiba, in the luxurious Portobello Condominium, where striker Neymar also owns a property.
The land valued at R$ 12,124,629.70 came into auction this Tuesday, with the first bid marked at R$ 13,436,090.00 followed by a second round for R$ 12,214,629.70. Despite the high estimated value, no buyers emerged, passing the property directly into the hands of Flamengo, which now decides what to do with the land.
The agreement not only pays off an old debt, but also opens new ones possibilities for Flamengo in using this new asset. Developments can be expected in both the financial and institutional aspects for the club, which may explore the land in different ways, from sale to the development of infrastructure for the benefit of the club and its fans.
This outcome highlights the importance of innovative solutions in debt management and strengthens Flamengo's position not only in the fields, but also in the complex fiscal and business landscape.
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Flamengo's Social Responsibility receives the AIDEP Award at a social impact event
Recognition highlights the importance of the clubs' work in the social field, especially with children and teenagers from projects spread around the world
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On Saturday night, the 21st, Flamengo's Social Responsibility department was notably recognized with the AIDEP Social Impact Award during the FutEdu Summit 2025. The ceremony took place at the Hard Rock Café, in Curitiba, and brought together representatives of clubs and institutions that work with sports and social impact in South America.
Organized by the International Association for the Development of Sports and Parasports - AIDEP, the award is a recognition given to clubs and institutions that use football as a tool for social transformation.
The award highlighted Flamengo's Social Responsibility work as a reference in promoting opportunities for children and teenagers from socially vulnerable contexts, combining football with socio-emotional education, such as Jogaremos Juntos, Flamengo's social project, which includes 1,000 children and teenagers in eight communities in Rio and Baixada Fluminense, as well as other social initiatives of the club that have already impacted more than 200,000 people.
AWARD PURPOSE
“Welcoming Flamengo to the FutEdu Summit is an immense honor. A club with so much history and relevance in Brazilian football inspires and further strengthens our commitment to education through sport,” said Diogo Netto, CEO of the FutEdu Summit.
The main objective of the Award is to recognize, value and encourage football schools and social projects that use sport as a tool for innovation, education and social transformation. It promotes visibility, strengthens good practices and establishes a standard of excellence in the sports-educational sector.
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Sesc Flamengo signs North American star
Mais Querido continues to restructure its current squad and will now have the reinforcement of the athlete, who was elected the best striker in the Turkish championship.
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Sesc Flamengo continues to restructure, with new players arriving and leaving. As such, Mais Querido has signed Simone Lee, a 28-year-old American who played last season for Megabox Vallefoglia-ITA.
WHO IS SIMONE LEE?
Simone Lee 's signing has been rumored for some time. The athlete is 1.88m tall and also has a German volleyball background, enjoying the peak of her career last season. She was voted the best attacker in the 2023/24 Turkish Championship.
Throughout her career, Simone has won two German Championships, one Italian Championship, one German Cup and one Nations League for the United States. She was discovered by Pennsylvania State University and went to Europe in the 2017/18 season.
SIMONE'S HUSBAND CAN STRENGTHEN THE FLABASQUETE
According to information from the "Garrafão Rubro-Negro" portal, Simone's husband, German winger Lukas Wank , may join Flabasquete. Lukas will come to accompany his wife, but will need to find a new club after leaving Germany.
Last season, Lukas played for the Wurzburg Baskets, playing in 13 games and averaging 2.3 points, 0.6 assists and 1.3 rebounds. Previously, he played for Oldenburg, Skyliners Frankfurt, Lowen Braunschweig, Niners Chemnitz, RheinStars Köln and Science City Jena.
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Bap reveals Flamengo's financial situation left by Landim's management - check it out
The president of Mais Querido opened up about the moment the club was in after the departure of the former management at the beginning of the year
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Luiz Eduardo Baptista took over as president of Flamengo in January, after winning the red-black elections at the end of 2024. Thus, the leader of Mais Querido gave a quick interview to the press present in the United States and exposed the financial reality that the club found after the end of Rodolfo Landim's management.
Flamengo had money for two days, so Flamengo had a good economic situation, but a bad financial situation", highlighted Bap.
He continued: "If Flamengo were a company earning R$1.5 billion per year, it would have to have around R$300, R$400 million in cash. That's how you run a company. No one runs a large company with less than 3, 4 months of cash in hand. Like that guy who has furniture, furnishings, but no money in the bank. He had no liquidity," revealed Bap.
INCREASE IN DEBT IN 2024
It is worth remembering that Flamengo released the annual report with the audited financial statements for the 2024 fiscal year. The balance sheet even showed record revenue of R$1.3 billion, but also indicated a 581% increase in net operating debt, which went from R$48 million to R$327 million, and a deficit of R$734 thousand.
SOLUTIONS TO SAVE MONEY
Finding itself in a delicate financial situation, Flamengo 's focus at the beginning of the year was to increase its cash flow. Thus, with the non-renewal of David Luiz and Gabigol's contracts, the Rubro-Negro made room in the monthly payroll. In addition, the Rubro-Negro agreed to sell Fabrício Bruno to Cruzeiro for R$44 million.
FOCUS ON SEASON SEQUENCE
So, while Bap continues trying to recover Flamengo financially, the red-black squad focuses on the next commitment in the Club World Cup. Rubro-Negro returns to the field this Tuesday (24), at 10 pm (Brasília time), for the match against Los Angeles FC.
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