Overview

• The Conselho Deliberativo unanimously approved the new plan on Oct. 6 in São Paulo, with 136 members present and 26 formally requesting a reanalysis that did not proceed.
• Projected net revenue from player transfers was cut from R$180.154 million to R$73.659 million, while personnel expenses were raised to R$492.774 million, a 42.5% increase over the prior estimate.
• The club’s total debt stands at about R$2.6 billion, including R$1.948 billion in club liabilities and R$675.2 million owed to Caixa for the Neo Química Arena financing.
• FIFA- and CAE-related liabilities total R$125.66 million, including R$41.3 million tied to Matías Rojas, with two rulings ratified—one already triggering a transfer-registration ban—and four cases still under analysis.
• Assumptions for TV and ticketing were reduced after the Libertadores exit, and the sporting outlook was revised to a mid-table league finish instead of earlier targets.