Fluminense released, on Tuesday night, the financial statement for the year 2023. Tricolor’s total revenue was R$695 million, with the amount divided into three categories: operational (R$451 million), sales of intangible assets (R$213 million) and financial assets (R$31 million). On the other hand, the liabilities involving the total Tricolor debt rose again: it went from R$793.313 million to R$822.993 million.
Arias is attacked by fans upon Fluminense’s arrival in Espírito Santo
According to the 46-page document, audited by Mazars Auditores Independentes, the growth in operating revenue is due to the increase in revenue from broadcasting and performance rights (83%), fan membership and box office programs (155%) and sponsorship ( from R$32 million to R$50 million).
Furthermore, there was a reduction in revenue from athlete transfers and solidarity mechanisms (-83%). On the official website, Fluminense gives details about these points.
- Increase of R$ 125,811 (83%) in revenue from broadcasting and performance rights, especially due to the victory of the Copa Libertadores;
- Increase of R$49,399 (155%) in revenue from the fan membership program and box office, together (from R$22 million to R$56 million and from R$21.5 million to R$32 million, respectively) ;
- Increase of R$17,078 (53%) in sponsorship revenue (from R$32 million to R$50 million);
- Reduction of R$77,823 (-83%) in revenue from athlete transfers and solidarity mechanisms.
O Fluminense closed 2023 with a surplus of R$78 million, exceeding the profit of R$7 million in the previous period (2022). In 2020 and 2021, there was a deficit of R$2.9 million and R$2 million, respectively.
“Our 2023 was a special year. We reached our goal of conquering America sooner than we imagined when we started this journey, in mid-2019. (…) Looking at the international cups now immortalized in our history is still little to describe the progress made. Among them, the resolution of the serious institutional situation that we found in Fluminense and that we are committed to reversing. This has been the subject of tireless work by our teams in recent years. “, says an excerpt from a letter from President Mário Bittencourt, which opens the document.
As part of the transaction for the Brasileirão television rights contracts from 2025 to 2074, signed by the Liga Forte Futebol do Brasil (LFF), 20% were negotiated for the value of R$213,500. Of the total price, R$122,194 was received during the 2023 financial year, and the amount was recognized as “other income”.
As of December 31, 2023, the amounts of R$ 91,306 relating to the transaction are recorded as “accounts receivable”. The balance is due for payment in November 2024 (R$34,240) and May 2025 (R$57,066).
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