Fluminense debt hits $160m but club shows increased profit
May 2 – Fluminense are the latest Brazilian club to report rising debt levels in their 2023 financial year, now running at more than R$800 million ($156.5 million) in 2023. This is despite the Rio club reporting an operating surplus of R$78 million ($15.3 million).
In 2022, Fluminense registered a profit of R$7 million ($1.4 million), adding a further R$71 million in 2023.
However club debts grew from R$793 million ($155 million) in 2022 to R$822 million ($160 million) the following year.
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