Palmeiras had a million-dollar loss at Arena Barueri in February

Palmeiras had a million-dollar loss at Arena Barueri in February
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O Palm trees released the club’s financial statement for the month of February 2024. The document makes clear the size of the impact of the absence of matches at Allianz Parque during the last month. Throughout the entire period, Verdão had Arena Barueri as its “home”, as the main stadium underwent extensive lawn maintenance.

In February, Palmeiras used Arena Barueri in duels against Ituano, Corinthians It is Mirassol. The total revenue from the matches was R$2.4 million. The budget forecast in the balance sheet for the period was to earn R$4.3 million, almost double the number obtained in Barueri.

Considering the expenses that Allianz Parque generated in the same period (employee salaries and administrative expenses, for example), it was R$2.6 million. In other words, games in Barueri did not even cover this cost.

Interestingly, in the same period, the financial statement represents a turnover of R$4.1 million at Allianz Parque, even without any Palmeiras matches. The document credits this value, which also exceeds the income in Barueri by almost R$2 million, as “miscellaneous income”.

The only issue is that this number did not reach Palmeiras’ coffers, as it is part of the amount that should be transferred by Real Arenasarm of WTorre in the administration of the site, to Alviverde, and is the subject of a legal dispute between the parties.

Despite all the legal and subsequent imbroglio with the pitch, Alviverde returned home on the 28th, in a 1-0 victory over Novorizontino.

Verdão’s next commitment at Allianz will be against Santosthis Sunday (7), at 6pm, for the very final of the Paulista championship. After losing 1-0 at Vila Belmiro, Abel Ferreira’s team needs a victory by two or more goals to leave the field with the title.

Palmeiras’ next games:

The article is in Portuguese

Tags: Palmeiras milliondollar loss Arena Barueri February

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