We’ve recently received the latest report from Casual Auditores Independentes on the finances of Brazilian football clubs and very interesting reading it is too. 21 clubs are covered and we encourage you to check out it out – the link above is to a pdf copy. You will see a very thorough analysis including breakdowns of revenue streams and a special focus on EBITDA and financial liabilities, but here are some brief highlights:
We’ve recently received the latest report from Casual Auditores Independentes on the finances of Brazilian football clubs and very interesting reading it is too. 21 clubs are covered and we encourage you to check out it out – the link above is to a pdf copy. You will see a very thorough analysis including breakdowns of revenue streams and a special focus on EBITDA and financial liabilities, but here are some brief highlights:
– São Paolo retained their top spot in terms of revenue from the previous year, almost doubling turnover due to a series of high value player transfers, new income from its Morumbi stadium and a big jump in royalties.
– In 2007, the 21 clubs analysed had total assets of US$1.67 billion (+34% vs 2006)
– Total liabilities increased 40% year in year equalling US$1.36 billion
– Total revenues of the top 21 clubs increased by 55% year on year, reaching US$703 million.
Once again we would like to thank Amir Somoggi and his colleagues at Casual for sending us their analysis and agreeing to its publication on this site. As we all know, Brazil is the most successful country in the World Cup, and with a stable political economy and increasingly professional approach to football club management, its domestic clubs are sure to challenge the European giants in terms of financial clout and world audiences in the future.
Top 10 Brazilian Football Clubs by Turnover / Total Revenue
Rank |
Turnover (US$ 000) |
Club |
1 |
100,001 |
São Paolo |
2 |
82,008 |
Internacional |
3 |
70,827 |
Corinthians |
4 |
57,361 |
Grêmio |
5 |
47,085 |
Flamengo |
6 |
45,397 |
Palmeiras |
7 |
40,851 |
Cruzeiro |
8 |
32,695 |
Juventude |
9 |
30,685 |
Atlético – MG |
10 |
28,457 |
Atlético – PR |
Brazilian Club Sells Shares in Young Players – 21/9/08
Brazil’s biggest football club, Flamengo, have come up with a novel idea to kit out their new training complex when they realised that cash was tight. Despite a fanbase of 40 million, the club has no money to spare. Now they will receive weightlifting equipment from a Rio de Janeiro company in return for a share in some of their promising young players. The club have already called on supporters to help fund the training ground but took the unusual step when they realised there would be no gym equipment. Flamengo director of football Eduardo Manhanes said, ‘The deal is for something like one or two per cent of five young players.’