Corinthians hire executive to cut Arena costs, eye CEO for Parque São Jorge | OneFootball

The newly-elected president of Corinthians, Osmar Stabile, outlined on Monday some plans he wishes to implement at the helm of Timão. One of these measures is the hiring of a CEO to manage the administration of Parque São Jorge, the club's headquarters.

The discussion about a CEO came up in the press conference given by the president right after the indirect election in the Deliberative Council. Stabile revealed that the current board has formalized the arrival of CEO Arnaldo Garcia to assist in the management of the Neo Química Arena.

“Corinthians can indeed have a CEO, depending on the area he represents. Today there is a person at the Arena, who has been working since the beginning of my administration. Arnaldo Garcia has been there for some time, working at the Arena for a while to help us improve. We are conducting critical analyses, comparing with the main arenas in the world. Changes need to be made, and we are already making them to reduce costs,” he said.

(Photo: Rodrigo Coca/Agência Corinthians)

Corinthians commissioned an analysis of the Arena's cost rate compared to others. The club currently bears a cost rate of 46% on ticket sales revenue. The average cost of other stadiums around the world, based on game revenue, is 33% to 38% - that is, Timão is spending much more than the 'standard'.

Gazeta Esportiva found that Corinthians has been actively working on cost containment at the Neo Química Arena. The hiring of CEO Arnaldo Garcia, therefore, was precisely for this reason.

FABINHO AS 'CEO' OF CT AND EXECUTIVE AT PQ. SÃO JORGE

Stabile also clarified that he sees Fabinho Soldado as a sort of CEO within the CT Dr. Joaquim Grava. Despite backstage pressure due to some recent cases, the black-and-white board believes that the executive has done an excellent job in terms of shielding and managing the squad.

After hiring a new CEO for the Neo Química Arena, the new president's plans, therefore, involve the arrival of a new executive to assist with tasks that also surround the backstage of Parque São Jorge.

“Here at the club we are also doing it, we have reduced expenses in all departments. Will there be a CEO at Parque São Jorge? There will be. Fabinho Soldado is the CEO of the CT, he is the executive. We already have one at the CT, at the Arena, we will have one here too. One person alone cannot solve Corinthians' problems, we have to divide. We will put a CEO here. Many things are being improved at the Arena, we have taken several actions,” Stabile affirmed.

It's worth remembering that Corinthians once had a CEO for a short period. Fred Luz held the position for just over five months during Augusto Melo's administration. At the time, the political instability at Parque São Jorge was decisive and resulted in his brief stint at Corinthians.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.