On December 11th, the Board of Directors of Clube de Regatas do Flamengo approved the club's budget for 2015, which can be consulted in full na Transparency page of Flamengo's official website.

See below the evolution of the main numbers and indicators.

   

O Revenue budget for the year 2015 forecasts a growth of 20% compared to that projected for 2014. The largest contribution to this growth (49%) comes from revenues linked to sponsorship (such as the new and recently approved Viton 44 for football), ticket office and fan club member – if you are not already a member member-fan, click here to also be part of a stronger Flamengo. Another 31% of the total growth will come from incentivized sponsorships, which will grow 197%. This demonstrates that having negative debt certificates, honoring responsibilities, and being a citizen club also translate into significant tax incentive revenue.

Check out the chart below (last quarter of 2014 and the year 2015 were projected):

Following the downward trajectory of the last two years, achieved thanks to increased revenue, spending control, and budget compliance, Flamengo should have debt below R$500 million by the end of 2015. This gives the club the prospect of having a balanced and more manageable debt over the next three years, creating better conditions for management to pursue sporting success. 

Debt is falling not only in absolute terms, but also in proportion to the club's annual revenue. In 2012, total debt was 3,7 times greater than annual revenue, a ratio expected to have halved by the end of 2015.

 

The club's large surplus projected for 2014 is expected to be nearly doubled in 2015. This accounting surplus (a cross-reference of the year's revenues and expenses) will be used to pay accumulated debts and make urgent investments. 2015 should be the year in which Olympic sports achieve self-sustainability, no longer dependent on football resources for survival and standing proudly on their own two feet.

Flamengo is not a for-profit organization, but only by increasing its revenues and paying its debts will it regain the status it deserves—the status of its fans. The Board of Directors, representing all the club's members and its more than 40 million fans, has sought to fulfill its duty to set an example of citizenship and create the conditions for Flamengo to achieve the sporting success the red-and-blacks hope for.