Financial impacts of implementing the Football Corporations (SAFs) model: Analysis of Botafogo Futebol e Regatas Club.

Impactos financeiros da implementagäo do modelo de sociedade anonima do futebol (SAF): Analise do Botafogo Futebol e Regatas.

Considering the most practiced sport on the planet, football has the power to influence the lives of many people, especially in Brazil. In recent years, to try to recover from high debts, some Brazilian clubs have begun to adopt the Football Corporations (SAFs in its Portuguese acronym) model, which was regulated in 2021 by Law No. 14,193/2021, leaving behind the old model of non-profit association. This study investigates the impacts of the transition of Botafogo Futebol e Regatas, one of the first Brazilian clubs to adopt the SAF model, analyzing the balance sheets of 2018, 2019, 2022 and 2023. Through the financial reports released by the club, we will apply the concepts of the analysis of the financial statements to show the real financial impact of the implementation of the SAF. The research becomes relevant due to the growing number of clubs adopting the model, which can have major social and economic impacts in Brazil. It was observed that the transition to the SAF model can bring some benefits, especially in relation to attracting new revenues and investments. In addition, there is an increase in the transparency of the club's financial statements, which can contribute to attracting new sponsors [ABSTRACT FROM AUTHOR]