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Neo Química was made official and the value of the naming rights was finally announced: R $ 300 million for 20 years. This gives R $ 15 million / year.
As well.
Is the value good? In my opinion, yes. For those who spent ten years with R $ 0, enjoying a figure of R $ 300 million in the next twenty years cannot be wrong.
Will this amount pay off the stadium’s debt? Not only.
I will repeat what I said in the last column. With the same letters:
The Corinthians board (read Andrés Sánchez), MUST, must make a good agreement with Caixa Econômica Federal.
The account is simple. And I’ve already redone it with the new value of naming rights.
The current monthly fee is R $ 5.6 million / month. Given this amount, the account will not be closed. Even with the contribution of R $ 1.25 million / month from Neo Química.
For the Arena to be self-sustainable, the fee must be a maximum of R $ 2.8 million / month.
It is the same. The monthly fee must be divided in half!
Next, the financial equation of Neo Química Arena, with income (including naming rights) and expenses. See:
Values involving Neo Química Arena (based on an annual average since its opening)
Annual income
Ticket office – R $ 63 million
Properties, agreements and associations – R $ 15 million
The naming rights – R $ 15 million
TOTAL – R $ 93 million (R $ 7.75 million / month)
Annual expenditure
Games – R $ 23 million
Others – R $ 6 million
Fixed cost (maintenance, insurance, personnel, etc.) – R $ 30 million
Cash debt – R $ 34 million
TOTAL – R $ 93 million (R $ 7.75 million / month)
The figures above are clear.
If Caixa’s share is R $ 2.8 million / month, the account will be closed. If the Caixa share remains the same (R $ 5.6 million / month) or slightly lower, the account will not be closed.
Obs: I am taking into account that the debt with Odebrecht will be zero, as is the expectation of the board. If there is any residual and consequential monthly payment, the previous accounts should be rethought, with the participation of la Caixa even less.
See more at: Neo Qumica Arena, Corinthians Board, Parque So Jorge and Andrs Sanchez.
