Corinthians land multi-million boost from Nike, cash flow gets a lift | OneFootball

In August, Corinthians received a R$ 50 million investment from Nike, its sports equipment supplier. This amount is part of the contract signed between the parties at the end of June and was considered essential to ease the club's cash flow.

The information was disclosed by the portal Itatiaia, which found that the amount was paid in two installments of R$ 25 million, with the last one recently deposited. The Corinthians board is still analyzing how the money will be applied, but the tendency is that most of it will be directed to cover monthly expenses.

Photo: Gustavo Vasco/Corinthians

Despite the financial boost, Timão continues to face off-field problems. The club remains under a transfer ban imposed by FIFA and cannot register new players. The situation is a consequence of a debt with Santos Laguna, from Mexico. So far, Corinthians has presented three settlement proposals, all rejected. President Osmar Stabile is now betting on FIFA's mediation to try to unlock the negotiations.

In addition to Nike's contribution, the club also received R$ 14 million from the sale of forward Kauê Furquim to Bahia, an amount related to the player's termination fee.

With the resources in hand, the board seeks to balance the finances, but will still face significant challenges ahead to resolve pending issues and maintain the club's economic health.

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