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Daily Archives: May 3, 2024

Fluminense debt hits $160m but club shows increased profit

Fluminense debt hits 0m 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 …

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