Brazil Football Business

Source data

Company formation, concession and reported payments

Sources checked

Maracanã concession recordFrom operating company to concession liability
  1. 30 August 2024
    Operating company established

    Flamengo 65%, Fluminense 35% Source 1

  2. 27 September 2024
    Concession contract signed

    20 years for the Maracanã and Maracanãzinho complex Source 1

  3. At concession recognition
    Total concession grant payments described in accounts

    R$401.218 million before present-value adjustment Source 1

  4. At concession recognition
    Initial liability recognised

    R$178.084 million on a present-value basis Source 1

  5. 31 December 2025
    Total carrying amount

    R$179.538 million Source 1

  6. 31 December 2025
    Current and non-current portions

    R$8.480 million current and R$171.058 million non-current Source 1

Show 1 more dates
  1. November 2044
    Scheduled final month for quarterly instalments

    Contractual instalments adjusted by IPCA Source 1

The last entries show how the 20-year concession appears in the accounts.

Source 1 Source 2

Company formation, concession and reported payments

Accounting amounts are expressed in R$ million, converted from the financial statement’s R$ thousands. The nominal payment total and discounted liability use different measurement bases.

7 records
Source
30 August 2024Operating company establishedFlamengo 65%, Fluminense 35%Source 1
27 September 2024Concession contract signed20 years for the Maracanã and Maracanãzinho complexSource 1
At concession recognitionTotal concession grant payments described in accountsR$401.218 million before present-value adjustmentSource 1
At concession recognitionInitial liability recognisedR$178.084 million on a present-value basisSource 1
31 December 2025Total carrying amountR$179.538 millionSource 1
31 December 2025Current and non-current portionsR$8.480 million current and R$171.058 million non-currentSource 1
November 2044Scheduled final month for quarterly instalmentsContractual instalments adjusted by IPCASource 1

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