Brazilian Football Federation Reserve Assets Total Nearly $330M In Three Years

Brazilian Football Federation (CBF) President Marco Polo Del Nero revealed that during the last three years the CBF "has attained a stable financial situation" with its reserve assets totaling R$1B ($328.2M), according to Iannacca & Seda of GLOBO ESPORTE. Del Nero and his predecessor, José Maria Marin, "made a point of exalting the investments" made by the CBF. Marin: "Today, the CBF has a stable financial situation, completely free of debt, with solid sponsorship contracts in addition to reserve assets that reach an enviable level of nearly R$1 billion." Del Nero and Marin also "revealed that they made direct and indirect investments" of more than R$100M ($32.8M) for the "fulfillment of Séries C and D." Del Nero added, "The investments made by the CBF in the lower leagues guarantee the continuity of more than 200 clubs and create jobs directly for nearly 4,500 athletes in the country" (GLOBO ESPORTE, 4/20).