During the draw for the second leg of the Copa do Brasil, at the CBF headquarters, Julio Casares spoke about the surplus in São Paulo's balance sheet, referring to the previous year. Tricolor closed its 2022 revenue with a positive balance, surpassing the value of the previous three years. Related National Football São Paulo sends Uruguayan midfielder on loan from Fluminense until the end of 2024 National Football 03/29/2023 São Paulo has a state duel in the Copa do Brasil São Paulo 03/29/2023 Sião Paulo Caller Returns to training with other São Paulo São Paulo team takes another step towards recovery São Paulo 03/29/2023 According to the director, the club faces a 'legacy difficult' from previous administrations, saying that when he took office, in 2021, 'I already know about this problem'. However, in his words, he said that the results presented by the evaluation show that “the club is heading in the right direction”. Find out which state finals will be held in Brazil See the Copa do Brasil table and simulate the next games In total, last season, the club raised around R$660.5 million. One of the main points was the sale of several athletes. In fact, one of the main drivers of this surplus was Antony's negotiations – from Ajax to Manchester United. This surplus amounts to around R$37.4 million, allowing São Paulo to close 2022 blue after three years – while also overcoming some of the losses caused by the Covid-19 pandemic. - São Paulo is under reconstruction, we have a difficult legacy. When we moved in 2021, we knew this. We have a balance sheet that reveals a vital surplus, after three years of deficits. This debt reduction gives the feeling that this is the way forward – he stated during the event. However, even with the surplus, Tricolor faced a complex financial situation at the beginning of the season. In this case, the delay of almost three months regarding the image rights of the athletes on the squad. These rights represent a significant portion of the amount each player receives monthly. Despite entering the third month without payments, it was confirmed that one of the installments has been paid and the club will focus on resolving these disputes with the players. Regarding these issues, Julio Casares said that 'financial results are not cash flow', stressing that 'this will remain tight'. However, he stressed that the club's 'debt is balanced and under control'. - Financial results are not cash flow, they remain tight. But the good news is that São Paulo is in permanent recovery. The debt is balanced, controlled – he added. Apparently, according to the published balance sheet, the total value of São Paulo's debt decreased from R$642.4 million to R$586.5 million. Follow Lance! on G o o g l e News Most read 1 Off the field Vini Jr.'s attitude towards Mbappé for Real Madrid draws attention on the web 2 Off the field Brasileirão: check the title chances after Botafogo's draw and Palmeiras' victory by 3 Lance! Biz How much did Rayssa Leal earn by winning the SLS stage in Tokyo? 4 Off the field Botafogo fans point to blame for partial defeat: ‘It calls failure’ 5 Flamengo Flamengo Stadium has a capacity of 78 thousand and is European inspired; Check out the photos in Lance's newsletter! Stay up to date on sports and your favorite team in just 1 minute of reading! Sign up The best sports of your morning! Article More News Stay up to date with everything! See more São Paulo São Paulo presents itself again this Tuesday and begins to prepare for the duel against Grêmio 25/11/2024 - 15:57 São Paulo Lateral Moreira responds to the president's criticism and gives support to baba Zubeldía in São Paulo 25/ 11/2024 - 3:43 pm São Paulo São Paulo: Wagner Ribeiro shoots Zubeldía: 'he looks like a clown' 11/25/2024 - 12:12 pm São Paulo André Silva is in a good phase, aka - he scored decisive goals and created a shadow for Calleri 11/25/2024 - 7:45 am São Paulo William Gomes is back in action and should get more minutes for São Paulo in 2025 11/24/2024 - 08:15 São Paulo Zubeldía receives the most cards from the entire São Paulo squad 11/24/2024 - 06:15 am São Paulo Lucas Moura talks about São Paulo's power of reaction in a tough match against Atlético-MG 11/24/2024 - 01:34 am São Paulo Zubeldía celebrates their place in the Libertadores and praised São Paulo's reaction back home 11/24/2024 - 01:13 Related National Football São Paulo loans Uruguayan midfielder from Fluminense until the end of 2024 National Football 03/29/2023 São Paulo São Paulo has a state duel in the Copa Paul0 S3o Brasil /2023 São Paulo Calleri returns to training with the rest of the São Paulo squad and will take another step towards recovery São Paulo 03/29/2023Julio Casares comments on the healthy balance in São Paulo and says: ‘The debt is balanced’.
During the draw for the second leg of the Copa do Brasil, at the CBF headquarters, Julio Casares spoke about the surplus in São Paulo's balance sheet, referring to the previous year. Tricolor closed its 2022 revenue with a positive balance, surpassing the value of the previous three years. Related National Football São Paulo sends Uruguayan midfielder on loan from Fluminense until the end of 2024 National Football 03/29/2023 São Paulo has a state duel in the Copa do Brasil São Paulo 03/29/2023 Sião Paulo Caller Returns to training with other São Paulo São Paulo team takes another step towards recovery São Paulo 03/29/2023 According to the director, the club faces a 'legacy difficult' from previous administrations, saying that when he took office, in 2021, 'I already know about this problem'. However, in his words, he said that the results presented by the evaluation show that “the club is heading in the right direction”. Find out which state finals will be held in Brazil See the Copa do Brasil table and simulate the next games In total, last season, the club raised around R$660.5 million. One of the main points was the sale of several athletes. In fact, one of the main drivers of this surplus was Antony's negotiations – from Ajax to Manchester United. This surplus amounts to around R$37.4 million, allowing São Paulo to close 2022 blue after three years – while also overcoming some of the losses caused by the Covid-19 pandemic. - São Paulo is under reconstruction, we have a difficult legacy. When we moved in 2021, we knew this. We have a balance sheet that reveals a vital surplus, after three years of deficits. This debt reduction gives the feeling that this is the way forward – he stated during the event. However, even with the surplus, Tricolor faced a complex financial situation at the beginning of the season. In this case, the delay of almost three months regarding the image rights of the athletes on the squad. These rights represent a significant portion of the amount each player receives monthly. Despite entering the third month without payments, it was confirmed that one of the installments has been paid and the club will focus on resolving these disputes with the players. Regarding these issues, Julio Casares said that 'financial results are not cash flow', stressing that 'this will remain tight'. However, he stressed that the club's 'debt is balanced and under control'. - Financial results are not cash flow, they remain tight. But the good news is that São Paulo is in permanent recovery. The debt is balanced, controlled – he added. Apparently, according to the published balance sheet, the total value of São Paulo's debt decreased from R$642.4 million to R$586.5 million. Follow Lance! on G o o g l e News Most read 1 Off the field Vini Jr.'s attitude towards Mbappé for Real Madrid draws attention on the web 2 Off the field Brasileirão: check the title chances after Botafogo's draw and Palmeiras' victory by 3 Lance! Biz How much did Rayssa Leal earn by winning the SLS stage in Tokyo? 4 Off the field Botafogo fans point to blame for partial defeat: ‘It calls failure’ 5 Flamengo Flamengo Stadium has a capacity of 78 thousand and is European inspired; Check out the photos in Lance's newsletter! Stay up to date on sports and your favorite team in just 1 minute of reading! Sign up The best sports of your morning! Article More News Stay up to date with everything! See more São Paulo São Paulo presents itself again this Tuesday and begins to prepare for the duel against Grêmio 25/11/2024 - 15:57 São Paulo Lateral Moreira responds to the president's criticism and gives support to baba Zubeldía in São Paulo 25/ 11/2024 - 3:43 pm São Paulo São Paulo: Wagner Ribeiro shoots Zubeldía: 'he looks like a clown' 11/25/2024 - 12:12 pm São Paulo André Silva is in a good phase, aka - he scored decisive goals and created a shadow for Calleri 11/25/2024 - 7:45 am São Paulo William Gomes is back in action and should get more minutes for São Paulo in 2025 11/24/2024 - 08:15 São Paulo Zubeldía receives the most cards from the entire São Paulo squad 11/24/2024 - 06:15 am São Paulo Lucas Moura talks about São Paulo's power of reaction in a tough match against Atlético-MG 11/24/2024 - 01:34 am São Paulo Zubeldía celebrates their place in the Libertadores and praised São Paulo's reaction back home 11/24/2024 - 01:13 Related National Football São Paulo loans Uruguayan midfielder from Fluminense until the end of 2024 National Football 03/29/2023 São Paulo São Paulo has a state duel in the Copa Paul0 S3o Brasil /2023 São Paulo Calleri returns to training with the rest of the São Paulo squad and will take another step towards recovery São Paulo 03/29/2023