São Paulo club breaks revenue record and approaches debt with Crefisa, reveals November Balance Sheet
It registered a collection close to R $ 1.1 billion in 2024, a result that exceeded the initial projections. This financial performance was confirmed after the November Balance Sheet approval by COF (Guidance and Inspection Council), with the analysis of December data still pending.
So far, the São Paulo club not only exceeded its budget forecast, but has also established a new record of revenue.
Until November, Verdon had already raised nearly $ 1.1 billion, significantly exceeding the $ 728 million target established for the period. This substantial increase in revenues resulted in a surplus of R $ 159 million, in contrast to the R $ 15 million deficit expected for the first 11 months of 2024.
The club’s initial expectation was to close the year with a surplus of $ 17.8 million, but the final results of December should indicate an even more favorable balance.
The November balance sheet revealed a surplus of $ 31 million and highlighted the proximity of Palmeiras to settle their debt with Crefisa, leaving only $ 429 thousand to be paid.
This debt is expected to be completely paid in the December balance sheet, marking another significant advance in the club’s financial management.
Palmeiras’ main sources of revenue in November were transmission rights, which totaled R $ 11.8 million, advertising and sponsorship, with R $ 10.9 million, the Avanti Socio-Pattering Program, contributing R $ 6.3 million , and social collection, reaching R $ 5.9 million.
