INSUBCONTINENT EXCLUSIVE:
In 2023, under President Duilio Monteiro Alves, Corinthians unveiled a financial report audited by RSM Global.The club announced a record
revenue of R$ 1.01 billion ($196.12 million), a 92.5% jump from 2022.Their operational earnings (Ebitda) hit R$ 259 million ($50.29
million), showing strong cash flow by subtracting all expenses except interest and amortization from total revenues.Over three years,
operational profits totaled R$ 608 million ($118.06 million), mainly used for debt servicing.The report highlighted R$ 2.5 million ($0.49
million), combining the club and arena debts.Wesley Melo, former financial director, criticized this debt portrayal as misleading, noting it
excluded receivables.He underscored that Corinthians traditionally balance debits and credits to gauge financial health.Operational expenses
have effectively reduced debt, showing prudent fiscal management despite economic changes.This approach has ensured Corinthians remains
financially robust amid evolving challenges.
