A recent study by Sports Value has appraised the top 40 football clubs in Brazil at a combined R$ 34.4 billion ($7.02 billion). Flamengo and Palmeiras lead as the country’s most valuable clubs, jointly accounting for R$ 8 billion ($1.63 billion). This valuation, as per Sports Value, factors in club assets, market potential, fan base […]
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In July, the Brazilian government continued to incur debt
In July, the Brazilian government continued to incur debt. Lula’s government debt increased to 74.1% of its GDP, up 0.5% from June. This means the debt increased from R$7.6 trillion ($1.57 trillion) to R$7.7 trillion ($1.59 trillion). The Central Bank shared this information on August 31, 2023. This debt includes money owed by federal, INSS, […]