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FLAMENGO INTENDS TO USE GÁVEA TO RAISE MONEY FOR THEIR OWN STADIUM

The model proposed by Mais Querido is similar to the project carried out by Vasco with São Januário

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Flamengo proposed a plan to the city hall to use the construction potential of its headquarters in Gávea to build the club's own stadium. The idea was presented by the red-black president, Rodolfo Landim, to the mayor of Rio, Eduardo Paes, in a meeting last Thursday. It was an initial step.

The evaluation within the Flamengo is that Gávea can generate between R$440 million and R$510 million in construction potential. This value would be negotiated to generate resources for the construction of the stadium on the Gasometer site, in the center of Rio. It is possible that the negotiation will be with the real estate fund itself, managed by Caixa Econômica Federal, owner of the land.

The board of directors of the club negotiates with Caixa to purchase the area. There are disagreements regarding the value, which ranges between R$200 million and R$500 million, obviously, the bank wants more money, and Flamengo pays less. Releasing the construction potential could help unlock the conversation between the parties.

The model proposed by Flamengo is similar to the project carried out by Vasco with São Januário. The Cruzmaltino club has already had support from the city hall and now depends on approval by the City Council. It intends to raise R$500 million by reselling the potential and using it to renovate its stadium. There is a red-black idea of ​​having equality in relation to Cruzmaltino.


In the red-negro case, Eduardo Paes was in favor of the idea presented by Landim and promised to support it . "It's land (former Gasometer) owned by Caixa. Flamengo will have to buy that land. I was with president (Rodolfo) Landim this week. We are modeling a financial operation that takes into account some of Flamengo's assets so that the people can come up with a solution for Flamengo and the city", said Paes, in an interview with Rádio Tupi.


The assets, in this case, are the constructive potential of Gávea. Currently, the headquarters already has 35 thousand square meters of built area. There is a project to build an additional 45,000 m2 in Nova Gávea.

With the intended potential, Flamengo calculates that there are 170 thousand m2 left. The price in the area, according to the club's estimate, is 2,600 to 3 thousand per square meter. In other words, the club could raise an amount between R$440 million and R$510 million.


Paes' support is just a first step in the project. Flamengo will now have to formalize a proposal that will generate studies by technicians from Rio's city hall. If the project is considered viable, it would be approved by the city hall and would go to the City Council for a subsequent vote.

Vasco is already in this last stage, and is talking to councilors to approve its project. The Cruzmaltino club has already prospected potential buyers in another area of ​​the city in Barra.


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DELIBERATIVE COUNCIL WILL VOTE ON BIGGEST SPONSORSHIP IN FLAMENGO'S HISTORY THIS WEEK

The new agreement with Pixbet could reach a total of R$470 million

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The Flamengo's Deliberative Council, will vote next Thursday (23), the new values ​​with its master sponsor, Pixbet, the club is close to reaching its biggest contract in the story that reaches close to R$500 million, for the next four years. It is worth mentioning that when the partnership was announced, the agreement was for two years and a total of R$ 170 million.

Flamengo signed with the new master sponsor at the beginning of the 2024 season, the club gave a leap in relation to the previous sponsorship, which was from Banco BRB, however, five months later, the Mais Querido Deliberative Council will vote this week on the new agreement with Pixbet, which will yield the team a total of R$ 470 million, over a period of four years.


The initial agreement was R$85 million per year, but in 2024, this amount will be increased and the club will receive R$105 million. In 2025, these figures rise to R$115 million. And for the following two years, if the automatic renewal is validated, the amount is fixed at R$125 million in 2026 and the same amount in 2027.

Integrity and Compliance Program

In the same session of the Flamengo Deliberative Council, the club will present the Integrity and Compliance Program to members.


The person responsible for the project and presentation of the program is the vice-president Flamengo's general and legal team, Rodrigo Dunshee.

With the movement, Flamengo adapts to a new regulation from the Federal Government, which lowered standards obliging interested companies to hire any public authority to have a compliance department ( Law No. 12,846).


Standards of conduct and ethics were written based on the map of identified risks. Flamengo will have an ethics committee and reporting channel. The club understands that the implementation of compliance will bring the following benefits:

-Reputation Improvement.

-Legal Risk Prevention.

-Preventing Financial Risks.

-Increasing Productivity.

-Competitiveness in the Market.

-Improving the Work Environment.

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-Process Optimization.

-Compliance with Regulatory Standards.

-Fostering ethical behavior in the work environment.

Greater attractiveness for current and new partners invest in sponsorship and exposure in our media and improve anti-corruption rules.

Amazonas and Flamengo

Flamengo continues to prepare for another match in the season, next Wednesday (22), the team will face Amazonas, in the return game of the third phase of the Copa do Brasil, at Arena da Amazônia. Coach Tite's team comes from two consecutive victories, against Corinthians, in the Brazilian Championship and against Bolívar, in the Libertadores.


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FLAMENGO COMPLETES THIRD PROJECT LIST IN PARTNERSHIP WITH CBC

Brazilian Club Committee invested more than 2 million in equipment and materials for red and black Olympic sports

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Flamengo is a powerhouse in the South American football. In this sense, I believe this is no surprise to anyone in the sporting field. However, the Rio club has also become notable for its excellence in Olympic sports.

It is no wonder that the Rio red-black club has Olympic champion and world top athletes such as Rebeca Andrade in Gymnastics, Isaquias Queiroz in rowing and Rafaela Silva in Judo . To this end, the club has been assembling a first-rate structure focused on Olympic sports.

On April 30, the Clube de Regatas do Flamengo concluded the third list of receipt of materials from the Brazilian Club Committee (CBC). Delivery focused on purchases to update and modernize equipment and instruments to help with the physical preparation of the nine Olympic sports – with more than 800 athletes.


Initially, in list 01, in the year 2022, investments were made unprecedented (in Brazil), R$ 1,331,702.64, in the second year (2023) - list 02 - spent R$ 557,771.99 and now in 2024, in list 03, R$295,629.46 were spent, that is, no leaving some sporting powers nothing to be desired.


In total, Flamengo received from the CBC the total amount of R$2,028,000.00, which was used throughout the 2022/2023/2024 cycle.

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FLAMENGO IS NOT OPTIMISTIC AFTER PRESENTING A STADIUM PROJECT TO CAIXA ECONÔMICA FEDERAL! UNDERSTAND

Caixa does not intend to assume the loss for having placed the assets in a fund to increase their value.

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Flamengo's first meeting with the president of Caixa, Carlos Vieira, did not generate the necessary optimism for significant progress regarding the Gasologista ground, where the club wants to build its own stadium.

Although president Rodolfo Landim indicates positive way for other meetings, which will take place, Flamengo's board heard from Caixa that there is no intention of assuming the loss for having placed the assets in a fund to value them.

Explains: the A public bank made a large investment, realized that the land was not worth what was paid for, transferred the assets to a fund, and if they sold it, they would have to take on the devaluation and price it lower than expected.< /p>

Aware, Flamengo understands that this scenario will make it difficult negotiations progress. The club rules out paying the “full” price for the land, is awaiting a response to the offer of around R$200 million, and believes that the public bank bureaucracy will drag on. Therefore, he looks at other private land in Rio de Janeiro to have his stadium.



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