Big deficit at Corinthians

Sao Paolo’s Corinthians have seen a surplus of €330,000 in the preceding year turn into a deficit of €29.9m in the 2014 financial year.   The main factors appear to have been stadium construction costs and a big tax bill.

Sao Paolo’s Corinthians have seen a surplus of €330,000 in the preceding year turn into a deficit of €29.9m in the 2014 financial year.   The main factors appear to have been stadium construction costs and a big tax bill.