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CBF Launches Financial Fair Play System With Independent Regulator for Brazilian Football

A phased framework couples numeric caps with mandatory DTMS disclosure.

Overview

  • Rules take effect from the 2026 season with transition years through 2027, full application in 2028, and short‑term debt ratio targets stepping to a definitive 45% by 2030.
  • Clubs face caps of 70% of revenue on squad costs in Série A and 80% in Série B, a 45% ceiling on short‑term net debt, and triennially assessed deficit limits of R$30 million or 2.5% (Série A) and R$10 million or 2.5% (Série B).
  • New debts contracted from January 1, 2026 will be monitored immediately with three annual checkpoints (March 31, July 31 and November 30), while pre‑2026 debts must be regularized by November 30, 2026.
  • An independent regulator, ANRESF, was created to monitor, judge and sanction cases, negotiate remediation agreements, and will start with seven members named by CBF for four‑year terms: Caio Cordeiro de Resende, Cesar Grafietti, Marcelo Doval Mendes, Pedro Henrique Martins de Araújo Filho, Vantuil Gonçalves Junior, Igor Mauler Santiago and José Fausto Moreira Filho.
  • The DTMS platform becomes the required repository for transfers, contracts and cost data as a condition for player registration, and violations can trigger sanctions up to transfer bans, points deductions, relegation and personal penalties for officials, with specific controls for insolvency cases from April 30, 2026.