September 30, 2022

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Corinthians 2021 financial balance closes positive and receives an announcement from the regulatory bodies

Corinthians 2021 financial balance closes positive and receives an announcement from the regulatory bodies

On Tuesday evening, the Corinthians Department of Finance submitted the Financial Statement for 2021 to the Finance and Steering Board. According to the portal realization my wheelThe club’s two supervisory bodies unanimously recommended to the deliberation board to approve the document, which was also subject to external review.

As stated in the report by a member of the bodies, Corinthians ended the 2021 fiscal year with a surplus of R$5.6 million. This number was celebrated internally at Parque São Jorge, As the 2020 fiscal year ended in the red (minus 123 million BRL).

It is worth noting that this R$5.6 million surplus is, technically, not considered a profit by financial experts, who define this small amount in blue as tie. It is an English term referring to the break-even point of a company. That is, the specific point at which there is no loss or profit during the financial year.

The Finance Department will now present the same document to the members of the Board of Deliberations who will give their opinion on the 2021 figures. The voting date has not yet been set.. It should be noted that the balance sheet for 2020 was approved, but the balance sheet for 2019 was rejected by the same body.

After approval by the three Corinthians regulatory bodies – the Financial Council (CF), the Steering Council (CORI) and the Trading Council (CD) – the balance will be published on the official website for the knowledge of club members and fans in general.

See more at: Corinthians Board of Directors and Dolio Montero Alves.

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