Soccer

Flamengo presents a deficit of R$79 million in the first half of the year

The club considers the result to be normal and still expects to have a surplus for the year; Buying land for the stadium reduces cash on hand

Flamengo released the financial balance sheet for the first half of 2024. The result presented was not the best, but the club does not create alarm. The red-black had a deficit of R$79 million until June 30th. However, Mais Querido declared that it had R$209.4 million in cash between cash in the current account and fixed income investments, an increase of R$74 million compared to the first quarter.

This amount, however, , was significantly reduced after Flamengo paid the city of Rio de Janeiro the amount of R$ 138.2 million related to the auction of the Gasometer land for the construction of its own stadium. With the purchase, the cash amount increases to R$71.2 million.

In the document, the club states that it still has to pay R$271.7 million for player signings, R$177.8 million of which in short-term debts (which must be paid in the next 12 months starting in July 2024). The remaining R$93.98 million are in installments starting in July 2025. The value is higher than what Flamengo has to receive for sale of players.

According to the presentation, Flamengo stands to receive R$ 208.8 million from the sale of athletes, with R R$165.2 million in short-term payments and R$43.7 in the long term. The club, however, does not heed the alert and expects a better result from the second half of 2024.

The board claims that “due to its strong operational cash generation capacity and the long terms of these payments, this balance presented in 2Q/2024 does not mean that the club needs to sell athletes in equivalent amounts or take out loans.”

Check out the result presented by Clube de Regatas do Flamengo

“We ended this first quarter recording an accumulated deficit of R$79.5 million. This result is approximately R$121 million lower than the result for 2Q2023 (positive by R$41.5 million), since the result for that semester was strongly impacted by the sale of the rights to player João Gomes in the beginning of the year window , which generated non-recurring revenue of R$ 103 million.

Better understanding the variation in recurring revenue, which does not include the sale of athletes, a slight reduction can be observed in relation to the same period of the previous year: R$458.8 million in recurring revenue compared to R$469.5 million in 2023, which does not generate long-term concerns, since this performance was due to the occasional reduction in revenue from participation in competitions, since in the previous year we competed in more competitions in the first quarter (Recopa Sul-Americana, Supercopa do Brasil and Club World Cup).

In conclusion, this deficit result in the first semester is natural and expected, due to the typical seasonality of revenues of the football industry. Our current estimate remains of a surplus result in 2024, which will allow us to continue in a sustainable manner, competing for the main places in the competitions in which we participate.”

Soccer

Flamengo shows strength and beats Táchira away from home in the Libertadores debut

Despite the red-black team's aim being far from perfect, the team led by Filipe Luís showed who is superior and achieved the objective, which was victory.

Despite not having been the dream debut, Flamengo managed to win and lead their group in the continental competition.

It's finally here! That's because Flamengo finally made its debut in the Copa Libertadores da América , ending the anxiety of the red-and-black fans. For the party to be complete, they only need a victory over Táchira, away from home, in Venezuela. In this sense, Filipe Luís's team achieved their objective, winning the game 1-0 (goal by Juninho) and with the draw between LDU and Córdoba earlier, the team from Gávea also "won" the leadership of its group.

SUMMARY

The first 45 minutes between Táchira and Flamengo were very weak. The game had very few shots on goal or real chances (3 to 1 for the team from Rio). Flamengo had more possession of the ball (61% to 39%), but Táchira pressed forward and caused some scares, mainly in plays generated by Flamengo's mistakes, such as passing errors.

Flamengo's best chance of the game came in the 26th minute. Luiz Araújo received a deep pass from Michael and shot weakly with his right foot, straight at the goalkeeper. Filipe Luís' team felt the lack of greater creative potential in the first half.

In the second half, the red-black team came back a little better, but the creation (the famous last pass) left something to be desired , while the home team looked for a red-black mistake to try something. However, those who try hard are rewarded and that was the case for Flamengo.

At 12 minutes, Juninho came on and with his first touch scored the goal for Flamengo. Alex Sandro passed the ball to Everton Cebolinha, who crossed from the left, Bruno Henrique deflected it to the far post, and Juninho opened the scoring. In the end, the home team gave the red-and-black defense two scares, but was stopped by the Venezuelan team's lack of accuracy and the score remained the same until the final whistle.

AND NOW?

With this result, Flamengo leads group C of the Libertadores with 3 points, two more than Central Córdoba and LDU who have one and Téchira with zero. Now, the red-and-black team is preparing to turn the key to the Brasileirão. This is because it faces Vitóra, at Barradão, next Sunday, at 6:30 pm.

Soccer

Due to "security risks", BEPE issues an official statement banning Vasco x Flamengo in São Januário

Military Police reject Cruz-Maltino's request for the game to be held at the stadium, with or without a single crowd; Board will evaluate next steps

Vasco da Gama wants to host the classics against Flamengo under its command, inside São Januário, but was vetoed for security reasons

The classic between Vasco and Flamengo will not be at São Januário . In an official statement, this Thursday (3), the Specialized Battalion for Policing in Stadiums (BEPE) refused the request of Cruz-Maltino for the game to be at the stadium. The entity, after all, alleges "security risks on the perimeter and inside the sports square" .

Related News

Soccer. Bepe vetoes Sao Januário for Vasco x Flamengo in the Brazilian Championship

Soccer. With Vasco's insistence, BEPE makes demands to release the classic against Flamengo in São Januário

Soccer. FLAMENGO CLOSE TO CLOSING MAJOR PARTNERSHIP FOR MARACANÃ - JOURNALIST SAYS

Soccer. Due to "security risks", BEPE issues an official statement banning Vasco x Flamengo in São Januário

Soccer. Are you going to miss out? Tickets for Vasco x Flamengo in the NBB are now on sale

Soccer. Flamengo games at Maracanã will be monitored by drones

Soccer. Flamengo and Vasco have a match released on the same day by security organs - Understand

Soccer. The security scheme for Flamengo x Fluminense this Wednesday

Soccer. "I would take the game from Maracanã," says Filipe Luís about Vasco's strategy in the Carioca semifinal

The decision was made based on the unit's strategic analyses that point to security risks.

"The SEPM Press Office informs that the command of the Specialized Battalion for Policing in Stadiums (BEPE) opposed the request of the Clube de Regatas Vasco da Gama for the next classic between Vasco and Flamengo, scheduled for April 19, to be held at the São Januário Stadium. The decision was made based on the unit's strategic analyses that point to security risks on the perimeter and inside the sports arena in games of this nature" , says the statement.

BUT SO WHAT? WHERE WILL THE GAME BE?

Now, Vasco needs to decide where to host the classic match on April 19th. The CBF regulations prohibit the match from being transferred to another state, since the request for this must be made at least 20 days in advance. In addition, Nilton Santos will host a musical event on the same day and will not be able to host the match. A likely location would be Raulino de Oliveira, in Volta Redonda .

LAST MEETING BETWEEN THE TEAMS AT CRUZMALTINO STADIUM

It is worth remembering that the last match between the teams at São Januário, in 2017, ended in chaos. Flamengo won the match 1-0, and Vasco fans threw bombs and objects at the red-and-black players, who were unable to access the tunnel. There was also an attempt to invade the field and a confrontation with the Military Police.

Since then, the only derby at the stadium took place in 2020 without the presence of fans. The Cruzmaltino adopted the same stance in the Campeonato Carioca, when it took the first game of the semifinal to Engenhão, which Mais Querido won 1-0.