Flamengo reports R$284 million in player acquisitions

The club spent R$284 million on players but expects R$27 million profit from sales.
by
Desmond Efe-Khaese
2024-05-04 11:50:08

Flamengo has released their first quarter financial statement for 2024, detailing a robust strategy in the player transfer market. The club anticipates a total of R$284.1 million in expenses for player acquisitions through 2027, with R$122.3 million due in the next 12 months.

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Despite these figures, Flamengo expects to receive R$149.3 million within the same period, achieving a positive balance.

Significant expenses for Flamengo include:

  • Matías Viña: R$43.7 million paid to Roma.
  • Everton Cebolinha: R$34.8 million paid to Benfica.
  • Léo Ortiz: R$25.6 million paid to Bragantino.
  • Ayrton Lucas: R$14.3 million paid to Spartak Moscow.
  • Luiz Araújo: R$25.3 million paid to Atlanta United.

Projected income from transfers for Flamengo includes:

  • Matheus França: R$59.35 million from Crystal Palace, payable by August 2026.
  • João Gomes: R$41.05 million from Wolverhampton, payable by January 31, 2025.
  • Vinícius Souza and his sale to Sheffield United: R$20.65 million from Lommel SK, payable by August 2026.
  • Matheuzinho: R$17.45 million from Corinthians, payable by August 2025.
  • Otávio and his sale to Porto: R$14.45 million from Famalicão, payable by February 2025.

The club’s strategy includes a strong focus on balancing these transactions to maintain financial stability without the immediate need for further player sales or loans.

Remembering Zagallo

Sambafoot Series launched a new documentary about the football legend Zagallo. Known as ‘Velho Lobo‘ and as superstitious as it gets, Zagallo helped shape what Brazilian football is nowadays — as a player and as a coach.

The first three episodes are available on Sambafoot’s Youtube channel. Stay tuned for the upcoming releases as we keep telling this legend’s life story.

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by
Desmond Efe-Khaese
May 04, 2024