The Swiss research center CIES Football Observatory has published a list of the financial movements of Brazilian clubs over the past five seasons, revealing that Palmeiras, Athletico-PR, São Paulo and Fluminense have the best buying and selling balance.
Fluminense occupies the fourth position in the ranking, with 83 million euros (R$ 443.22 million) in balance. The top three positions are occupied by Palmeiras with 143 million euros (R$ 763.62 million), Athletico-PR with 122 million euros (R$ 651.48 million), and São Paulo with 84 million euros (R$ 448.56 million).
The complete ranking is as follows:
- Palmeiras: 143 million euros (R$ 763.62 million)
- Athletico-PR: 122 million euros (R$ 651.48 million)
- São Paulo: 84 million euros (R$ 448.56 million)
- Fluminense: 83 million euros (R$ 443.22 million)
- Corinthians: 73 million euros (R$ 389.82 million)
- Santos: 71 million euros (R$ 378.54 million)
- Internacional: 70 million euros (R$ 373.20 million)
- Grêmio: 69 million euros (R$ 367.86 million)
- Flamengo: 44 million euros (R$ 234.96 million)
- Vasco: 36 million euros (R$ 192.24 million)
- Atlético-MG: 23 million euros (R$ 22.82 million)
- Bragantino: -28 million euros (R$ 149.52 million)*approximate values in Brazilian reais converted from euros at the current exchange rate