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Corinthians Will Not Renew Memphis Depay’s Contract

President Osmar Stabile will explain a decision the club says was driven by urgent fiscal limits that include large unpaid obligations and restrictions on operations.

Overview

  • Corinthians announced Tuesday that it will not extend Depay’s deal and that the 32-year-old will be removed from the squad for the rest of the season, including the upcoming Copa Libertadores match versus Rosario Central.
  • The club said the choice was made solely to protect its financial health and that Stabile will hold a press conference in the coming days to detail the negotiation and the reasons behind the move.
  • Multiple outlets report Corinthians owes Depay roughly 42–44 million reais and that the debt could rise to about 77 million reais if interest and unpaid bonuses are validated, a sum that could prompt legal claims through FIFA or the courts.
  • Depay joined Corinthians in mid-2024, played 79 matches with 20 goals, helped win three domestic titles and drove a big rise in club memberships, but his high pay and renewal demands were central to the talks.
  • The club has faced several economic sanctions and a registration block that have limited signings for months and the non-renewal highlights both immediate sporting disruption and wider operational strain on Corinthians.