• Published on 03/29/2024 – 07:23 • São Paulo (SP)
Flamengo released its financial statement for 2023 and, in addition to revenue of around R$1.3 billion, Rubro-Negro had a surplus in the last five years that was greater than that of European football giants, such as Manchester City and Real Madrid.
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According to a study carried out by Deloitte Football Money League published in Flamengo’s balance sheet, Rubro-Negro had a surplus of 109 million euros (R$ 589.5 million) in the last five seasons, surpassing Real Madrid, which in the period calculated by the research had 86 million euros (R$465.1 million).
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Flamengo was second only to Bayern Munich, which had a surplus of 169 million euros (R$913.9 million) in the period calculated by the study. It is worth noting that Rubro-Negro had better numbers than clubs managed by billionaire owners, such as Manchester City, which has practically unlimited cash from the Arab fund.
In addition to reaching billions of dollars in revenue for the third consecutive year, Flamengo also reduced its operating debt from R$227 million to just R$48 million
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