GOLAZONEWSPalmeiras records significant financial surplus in September
⚡ In 30 seconds
- Palmeiras reported a financial surplus of R$ 157.3 million for September.
- Player transfer revenues were the primary driver behind the club's monthly results.
- The sale of Allan to Manchester City contributed significantly to the total.
Palmeiras recorded a surplus of R$ 157.3 million in September, according to the club's latest financial statement. The positive result was driven by revenue recognized from player sales during the month.
The club's balance sheet entry for player transfers totaled R$ 230.6 million for the period. The most prominent transaction was the move of Allan to Manchester City. The transfer to the English club was finalized with a fixed fee of approximately R$ 220 million, which could rise to R$ 240 million depending on performance-related bonuses.