Corinthians tries to match Fla. without going through years of trouble
In tomorrow’s duel (2) for the quarter-finals of the Libertadores, not solely the 2 largest golf equipment in Brazil will probably be put in place, but in addition two totally different kinds of administration. On the one hand, a Flamengo who agreed to go through years of issues till the payments had been eliminated; alternatively, Corinthians who attempt to keep away from a giant monetary sacrifice and take a shortcut to attain the rival nation.
When Flamengo tightened their monetary belts in 2013, Corinthians had been then world champions. Eduardo Bandeira de Mello took over at Rubro-Negro, carried out a strict austerity coverage and confronted rather a lot of inner and fan resistance, in any case, the behavior up till then was to spend rather a lot – and sometimes badly. With the brand new desk, it grew to become widespread to spend solely what might be spent.
At the time, Flamengo’s debt was R$750 million. Corinthians was solely 25% in debt, about R$194 million, and noticed a possibility to do the other: spend increasingly. While Flak sought offers with the Treasury and paid his dues religiously, Alvinegro invested closely in persevering with to dispute the titles.
Interestingly, each golf equipment received titles in 2013: Flamengo unexpectedly lifted the Brazilian Cup underneath the steering of Hernane Brocador and Elias; Corinthians, alternatively, received Paulistão and Recopa within the earlier historic 12 months. The distinction from one to the opposite was the fee of every cup.
Despite the restricted groups, Bandeira didn’t give in to the strain of the reinforcements. In 2015 Flamengo solely felt “daring” within the signings, with Paolo Guerrero, however nonetheless didn’t abandon the tone of austerity. Corinthians, alternatively, saved up the momentum underneath the administration of Roberto de Andrade and saved the debt steady for 4 years. In 2017, for instance, each golf equipment had very tight money owed, between R$ 400 and 450 million.
In 2019, Rodolfo Landim took over the presidency of Flamengo to style the “steak” after the “damaged bone” of his predecessor, and the membership skilled a magical 12 months, with Brasileirão and Libertadores. This identical season Andrés Sanchez’s Corinthians misplaced management of their funds, then the pandemic hit and their debt virtually doubled in two years.
Flamengo’s final steadiness sheet for the 12 months indicated a debt of BRL 604 million, round 60% of the membership’s projected 2021 income (BRL 1 billion). In Corinthians, the accounts are reversed: the debt has already exceeded one billion, and final 12 months’s turnover was R$500 million.
Alvinegro is available in three consecutive semesters and with an essential settlement signed with Caixa to pay for its stadium, two constructive factors, however the effort of the administration of Duílio Monteiro Alves will not be a revolution that Bandeira de Mello. In a area the place numbers imply little or nothing, Corinthians and Flamengo will play tomorrow at 21:30 (Brazilian time) on the Neo Química Arena.
Vagner Love, from slicing prices to enhancing luxurious
A notable episode of Bandeira’s austerity that affected followers, managers and the press in 2013 was the choice not to renew Vagner Love, Flamengo’s major participant on the time, however costing R$ 1 million per thirty days. The response was dangerous, however the choice was finally symbolic of the mentality of this new administration.
After two seasons overseas, Love returned to Brazil to put on the No.9 shirt at Corinthians and was instrumental in profitable the 2015 Brasileirão.