Brazil’s CBF reports record revenues of €191m

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April 20 – The Confederation of Brazilian Football (CBF) has reported a record revenue of 971 million reais (€191.7 million) as well as a profit of 68.92 million reais (€13.64 million) for 2021, a year in which the governing body battled a major institutional crisis as well as the Covid-19 pandemic. 

But those crises didn’t affect the finances of the CBF. The new record represents an increase of 47% from 2020 when the pandemic rattled the global game.  Earlier this week, the CBF’s general assembly approved the latest set of accounts.

With 575 million reais (€113.6 million) coming from sponsorship, the men’s national team once again proved to be the main driver of revenue. In total, sponsorship deals with the Selecao were responsible for revenue of €111.4 million.

Despite costs ballooning to 434.13 million reais (€86,11 million), the CBF still achieved a surplus of 68,92 million reais (€13.64 million). The governing body projects to break the one billion reais revenue barrier next year. 

The financial boom will be welcome news to new CBF president Ednaldo Rodrigues. Last year, the organisation went through a major crisis as then CBF supremo Rogerio Caboclo was accused of sexual harassment on the eve of the 2021 Copa America, which Brazil staged at the last minute.

The accusations led to Caboclo’s downfall, even if he kept on defending himself and denying the allegations in a less than edifying spectacle. 

In March, Rodrigues was elected as the new president. He had been the interim president since last summer. 

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