Soccer

Flamengo has cash flow boost with increased revenue, but rising debt is still a concern

Revenue closed at R$236 million, including Maracanã. Comparing only the club's revenue, it was R$208 million against R$172 million last year.

There was growth in revenue from television rights, in Carioca, and sponsorship, new Pixbet/Flabet contract
There was growth in revenue from television rights, in Carioca, and sponsorship, new Pixbet/Flabet contract

06 Mai 2025 | 07:58 |

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Flamengo saw an increase in revenue and a boost in cash flow at the beginning of 2025. But the club is still working on controlling the debt that increased last year . Luiz Eduardo Baptista took over management this year. Last year, there was an increase in net debt, but the club already had a high revenue guaranteed.


REVENUE GROWTH MAP


Bap focused on increasing revenue and profit margin to strengthen its cash flow . And it held back on investments. In the first quarter, there was an increase in revenue for the same period in 2024. Revenue closed at R$236 million, including Maracanã . Comparing only the club's revenue, it was R$208 million against R$172 million last year.


There was growth in revenue from television rights in Carioca, and sponsorship, a new Pixbet/Flabet contract, signed under the Landim administration . In terms of profit margin, the club collected the same R$21 million in ticket sales as Carioca in 2024 and 2025. But it had R$2.1 million more liquid in its coffers.

There was also an increase in costs, which reached R$236.9 million, an increase of more than R$20 million . The club closed with a deficit of R$9 million, which is normal in the first quarter, traditionally weaker in football.


As Flamengo prioritized cash flow, it managed to increase its available cash by R$30 million, reaching R$122 million. The cash sale of Fabrício Bruno was essential for this.

And there was a reduction in investment. Even so, the club spent R$99 million on signings. Half of this was on new players, Danilo and Juninho. The rest was to purchase Gonzalo Plata and pay bonuses and taxes on previous signings.

TOTAL NUMBERS

The club recorded a drop in net operating debt from R$327 million to R$270.9 million in its balance sheet. If the actual net debt is considered, a different criterion, there was an increase of around R$40 million, with the number reaching R$540 million.

However, there is an impact on advances - mainly for TV and Brazilian plates - which are revenues from the same year. In other words, they will be discounted according to the year.

Most notably, there has been an increase in the difference between what Flamengo has to receive and what it has to pay for player signings . The club currently has a negative balance of R$255.3 million, compared to R$220 million.

That's why Flamengo is already planning to sell Wesley in the middle of the year , as well as negotiating Carlos Alcaraz - who was loaned to Everton for free.


Soccer

Flamengo will have an important return to the starting lineup against Estudiantes in the Libertadores

Recovered, defender returns to Filipe Luís's team for the first leg of the Libertadores quarterfinals; Jorginho is doubtful and could be out

Léo Ortiz returns to Flamengo's starting lineup against Estudiantes and reinforces the red-black defense in the first leg of the Libertadores - photo: reproduction
Léo Ortiz returns to Flamengo's starting lineup against Estudiantes and reinforces the red-black defense in the first leg of the Libertadores - photo: reproduction

18 Set 2025 | 12:20 |

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Flamengo will have an important reinforcement for the duel this Thursday (18), at 9:30 pm (Brasília time), at Maracanã. Defender Léo Ortiz returns to the starting lineup after serving an automatic suspension in the Brasileirão and is confirmed for the first leg of the Copa Libertadores quarterfinals against Estudiantes.


In addition to Léo Ortiz , other players are available again for Filipe Luís , including Varela and Bruno Henrique, who were rested against Juventude. Alex Sandro and Jorginho, on the other hand, remain doubtful and will have their fitness assessed shortly before the match.


HANGING ROD


Right-back Guillermo Varela, the team's starting right-back, is on the field with a yellow card. If he receives another warning, the Uruguayan will be out of the second leg, scheduled for September 25th at Jorge Luis Hirschi Stadium in La Plata.

PROBABLE LINEUPS


To face Estudiantes, Flamengo must maintain the base of the team that has been playing: Rossi; Varela (Emerson Royal), Léo Ortiz, Léo Pereira and Ayrton Lucas (Viña); Saúl, De La Cruz (Jorginho) and Arrascaeta; Plata, Pedro and Samuel Lino.

Eduardo Domínguez will have almost his entire squad available for the game later today. He's expected to field the following: Muslera; Román Gómez, Santiago Núñez, Facundo Rodríguez, and Santiago Arzamendia; Ascacíbar, Gabriel Neves, Amondarain, and Medina; Tiago Palacios and Guido Carrillo.


Soccer

Alert! Flamengo has a player suspended for the match against Estudiantes.

The full-back has a yellow card and, if he receives another punishment at the Maracanã, he will be out of the decisive clash in Argentina in the quarterfinals.

Flamengo's Varela is suspended for the match against Estudiantes in the Libertadores - photo: reproduction
Flamengo's Varela is suspended for the match against Estudiantes in the Libertadores - photo: reproduction

18 Set 2025 | 11:59 |

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Flamengo takes to the field this Thursday (18) , at 9:30 pm (Brasília time), to face Estudiantes at Maracanã for the first leg of the quarterfinals of the Copa Libertadores. In addition to the weight of the confrontation, coach Filipe Luís needs to manage an extra concern: right-back Guillermo Varela is suspended and could become an important absence for the return leg , scheduled for September 25, at Jorge Luis Hirschi Stadium, in La Plata.


After resting some starters over the weekend, Filipe Luís will have reinforcements for the match. Varela, Bruno Henrique, and Léo Ortiz return after absences against Juventude , increasing the team's strength. Meanwhile, Alex Sandro and Jorginho are doubtful and will have their fitness assessed hours before the game.


STUDENTS ARRIVE WITHOUT STAFF


On the other side, Estudiantes will have confirmed absences. Coach Eduardo Domínguez will be without González Pirez and Edwuin Cetré, both in the medical department. Even so, 27 players traveled to Rio de Janeiro and completed their final training session at Fluminense's training center in the West Zone. The Argentine team reaches the quarterfinals after defeating Cerro Porteño 1-0 on aggregate.

PROBABLE LINEUPS


FLAMENGO (Coach: Filipe Luis): Rossi; Varela (Emerson Royal), Leo Ortiz, Leo Pereira and Ayrton Lucas (Viña); Saul, De La Cruz (Jorginho) and Arrascaeta; Plata, Pedro and Samuel Lino.

ESTUDIATES (Coach: Eduardo Domínguez): Muslera; Román Gómez, Santiago Núñez, Facundo Rodríguez and Santiago Arzamendia; Ascacíbar, Gabriel Neves, Amondarain and Medina; Tiago Palacios and Guido Carrillo.


Soccer

What is Estudiantes' likely lineup against Flamengo in the Copa Libertadores? See

La Plata Club goes to Rio de Janeiro to face Mengão at Maracanã for the first leg of the competition's quarterfinals

Check out Estudiantes' likely lineup to face Flamengo in the Libertadores quarterfinals - Photo: Reproduction/Conmebol
Check out Estudiantes' likely lineup to face Flamengo in the Libertadores quarterfinals - Photo: Reproduction/Conmebol

18 Set 2025 | 11:33 |

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On Thursday night (September 18), Flamengo and Estudiantes face each other at Maracanã , in Rio de Janeiro, for the first leg of the quarterfinals of the Copa Libertadores 2025. The ball rolls at 9:30 pm (Brasília time), with exclusive broadcast on ESPN and Disney+.


COMPLICATED PROJECTION


Coach Eduardo Domínguez acknowledges the difficulty of the match, but is confident in the Argentine team's ability to achieve a good result away from home. Estudiantes arrives with high morale: they had a solid campaign in the group stage and eliminated Cerro Porteño in the round of 16 , with three away wins and only one loss, against Botafogo.


Probable line-up: Fernando Muslera; Román Gómez, Santiago Núñez, Facundo Rodríguez and Santiago Arzamendia; Tiago Palacios, Gabriel Neves, Santiago Ascacíbar, Mikel Amondarain and Cristian Medina; Guido Carrillo.

HEAVY DEFAULTS


Estudiantes will be without key players for the Rio clash. 33-year-old defender González Pírez, a River Plate alumnus, suffered a Grade 3 injury to his right hamstring and is expected to be out for at least a month, missing both games against Flamengo .

In attack, Colombian Edwuin Cetré, 27, is also out. He suffered a grade 1 muscle injury to the biceps femoris in his left leg and will not play at the Maracanã . However, he is expected to recover for the return leg, scheduled for September 25th in La Plata.



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