The value of the land includes subsequent decontamination. The cost of the work in his area is the compulsory urbanization to be done by the town hall. In addition, the work itself includes the football field, roof, infrastructure, among other things.
In the document, Flamengo’s board of directors states that the numbers were obtained with market estimates and those of the company that advises the club. But he complains: “We emphasize, however, that these estimates can naturally be revised as the project progresses.”
The club’s biggest investment in the stadium project is expected in the years 2027 to 2029. During this period, Flamengo will have to spend almost R $1.5 billion. It is expected to open in 2029.
However, this amount must be withdrawn so that the club can receive it faster and can use it to pay for the work. The expected discount rate is IPCA plus 7%. “In anticipation, the amount to be used during construction is R $807 million”
Income to finance
2024-11-21 17:03:00
#Rodrigo #Mattos #Flamengo #predicts #cost #stadium #billion #generates #million
**What are the potential long-term economic repercussions for Flamengo if their estimations regarding naming rights revenue fall short, and what strategies could mitigate this risk?**
## World Today News Interview: Deconstructing Flamengo’s Billion Dollar Stadium
**Host:** Welcome to World Today News. Today we delve into the ambitious stadium project undertaken by famed Brazilian football club, Flamengo. We are joined by two esteemed guests to dissect the financial projections, potential hurdles, and broader implications of this monumental undertaking.
Let’s meet our guests. We have [Guest 1 Name], a renowned sports economist, and [Guest 2 Name], a seasoned expert in stadium construction and management. Welcome to both of you.
**Section 1: Financial Viability – Balancing Ambitions with Reality**
**Host:**
The article highlights that Flamengo anticipates a staggering R$ 1.5 billion investment between 2027 and 2029. [Guest 1], from your economic perspective, how realistic are these financial projections? What are the potential risks and rewards associated with such a large investment in a single project?
**Host:**
[Guest 2], the document mentions that decontamination and compulsory urbanization costs are factored in.
Can you elaborate on the complexities involved in securing land for such a large-scale project, and what unexpected cost overruns might Flamengo encounter during the construction phase?
**Section 2: Funding the Future: Beyond Naming Rights**
**Host:**
Flamengo seems to be banking heavily on the sale of naming rights to fund this project, estimating a staggering R$1.47 billion from a 20-year contract. [Guest 1], do you believe this is a sustainable funding strategy, considering the ever-evolving landscape of corporate sponsorships? What alternative revenue streams could Flamengo explore to ensure long-term financial stability?
**Host:**
[Guest 2], the article mentions an ”anticipation” of funds through discounting future naming rights revenue.
What are the implications of such a financial maneuver for Flamengo’s long-term budget and its ability to secure further investment for other club initiatives?
**Section 3: Impact and Legacy – Beyond the Football Pitch**
**Host:** [Guest 2],
beyond the immediate economic implications, what are the broader societal and community impacts of constructing such a large-scale stadium? How can Flamengo leverage this project to benefit the local community and promote sustainable development?
**Host:** [Guest 1],
do you see this stadium project as a model for other sports clubs looking to invest in infrastructure? What lessons can be learned from Flamengo’s approach, especially regarding financial planning and community engagement?
**Conclusion**
**Host:**
Thank you to both our guests for providing such insightful perspectives on Flamengo’s ambitious stadium project. We’ve certainly gained a deeper understanding of the complexities, challenges, and potential rewards involved in this monumental undertaking.
This project, undoubtedly, has the potential to shape the future of Flamengo and leave a lasting legacy for the club, its fans, and the city of Rio de Janeiro. We at World Today News will continue to monitor the progress of this project and bring you further updates on this fascinating story.
