Particle.news
Download on the App Store

Corinthians Fan Drive to Pay Stadium Debt to Close Nov. 26 After Raising R$41 Million

The supporter-led drive closes after collecting R$41.1 million, far short of the R$700 million goal to pay down the Caixa loan.

Image

Overview

  • Gaviões da Fiel announced the DOE ARENA campaign will end on Wednesday, November 26, cutting short an effort that had been expected to run through year-end.
  • The campaign has raised R$41.1 million, about 5.8% of its R$700 million target, after an initial surge of donations lost momentum over the year.
  • Corinthians’ stadium financing is estimated at roughly R$670 million, while overall club debt has been reported near R$3 billion during a period of internal upheaval that included a presidential impeachment.
  • Organizers characterize the initiative as unprecedented in world football, enabled by a Federal Justice–homologated agreement and Caixa’s acceptance of the payment mechanism.
  • Accounting updates cite small, regular amortizations, including the 225th boleto of R$1,847.65 paid from the donations account on October 28, and the group signals no immediate plans for a new fundraising push after closure.