Corinthians has submitted a proposal to Caixa Econômica Federal to settle its debt related to the construction of the Neo Química Arena in exchange for the naming rights to the stadium.

The São Paulo club owes R$630 million to Caixa, representing 22.5% of its total debt of around R$2.8 billion.

Under the proposal, the state-owned bank could acquire the naming rights to the stadium, which are currently held by pharmaceutical company Hypera Pharma, for a specified period.

Corinthians’ management values the naming rights to the arena at around R$70 million per season, significantly above the R$15 million currently paid by Hypera under an agreement in place since 2020.

In addition to the stadium naming rights, the proposed deal would include other assets, such as the launch of capitalisation bonds, the transfer of the club’s entire banking operations — including accounts and salary payments — to Caixa, as well as cards linked to the Fiel Torcedor membership programme.

If the proposal is accepted by the bank, Corinthians would offer Hypera Pharma naming rights to other club facilities, such as the Joaquim Grava Training Centre.

Renegotiating the debt with Caixa is regarded as crucial to Corinthians’ finances as the club continues to face a severe financial crisis.

Since the stadium opened in 2014, Corinthians has already spent around R$600 million servicing the debt related to its construction.