Flamengo achieves unprecedented milestone with recurring income of R$1 billion – Flamengo – Flamengo Information and Sport

Money doesn’t embody participant gross sales, and the bigger quantity refers to industrial income.

Flamengo’s monetary outcomes for 2022 are spectacular in a approach. That’s as a result of the steadiness sheet, which will probably be launched on Friday (31), will level to a string of excellent information. Amongst them, the truth that Mengão, for the primary time, surpassed R$1 billion in billings in recurring income.

On this approach, Flamengo reached this quantity with out having to promote gamers. Certainly, the rubro-negro additionally succeeded, as soon as once more, in lowering its indebtedness, along with reaching its eighth surplus up to now ten years. The data was initially disclosed by GE.

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These constructive outcomes allowed Flamengo to set a document shareholder worth: R$326 million. You will need to be aware that the income of R$1,043,252,000 in 2022 is split into two necessary classes: broadcasting (transmission rights) and match day + industrial income.

Matchday consists of all income earned from video games, similar to: field workplace and meals and beverage gross sales, in addition to cabins and supporting members. Licensed jerseys and merchandise usually are not included on this package deal, however are included in industrial income, which incorporates sponsorship, licensing, and royalties from the sale of jerseys and contracts with a sporting items provider, as described in GE.

Nonetheless, Flamengo believes it must increase on the difficulty of broadcasting rights. On this regard, Mengão earned R$494,869,000 in 2022, nevertheless it was boosted by the Copa Libertadores achievements, which collectively amounted to R$201m.

However, the present Board of Administrators of Flamengo managed to scale back the indebtedness – once more: from R$ 279 million to R$ 212 million. In 2023, Mengão additionally plans to settle the final monetary debt with the banks that seem on the steadiness sheet. This manner, along with the titles gained on the sphere, filmmakers rejoice different’booty‘This one’s in purple and black financing.’