Flamengo in the black with $391m revenue and 32% operational profit margin
January 21 – Flamengo is flying high after a record-setting financial year. Club revenue last season hit R$2.1 billion ($391 billion), with a 32% profit margin. At the same time the club cut its debt by 72%, with further plans to reduce it to less than R$50 million (9.3 million), which will give them some financial breathing room.
Flamengo hasn’t stopped spending money either. They invested more than R$1 billion ($163 million) in players,
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