The director of Corinthians analyzes Arena's debt: "In the worst case, 650 million dollars"



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The director of marketing of Corinthians, Luis Paulo Rosenberg, again spoke about the club's debt due to the construction of the Arena in Itaquera, inaugurated in 2014. The manager said the debt "is 650 million in the worst case. "

Previously, the board had evoked a debt of about R $ 1.3 billion, already corrected (about R $ 450 million are due to the BNDES $ 500 million in Caixa and 350 million rand in Odebrecht). However, Timão alleges unfinished work and will attempt to "confront" Odebrecht, as Rosenberg himself admitted at a press conference in July.

– This cash financing brings in between Rs 450 and 500 million. Odebrecht funding, when you differentiate between what has been spent and what CIDS earns, is worth $ 0 to $ 120 million. This is the discussion of Corinthians. In the worst case, Corinthians owes 650 million rand – said Rosenberg in an interview with Radio Bandeirantes this Sunday.

– I do not know why they are making so much romance around him "ah, the Corinthians should 1 dollar

Rosenberg also reaffirmed the rapprochement with the Federal Savings Bank, responsible for funding, and is shown optimistic for 2019.

– It has been a year in this very productive aspect, we have made almost everything: to increase the revenues of the Arena, to reduce costs, to bring more activities in. I am convinced that 2019 will be a year of great joy for fans of Corinthian, especially in the marketing – projection

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