Financial Situation
In 2006 Botafogo had Supergasbras and Alê as sponsors, the arrangement during that year earned the team $3.2 million (R$7.2 million). The next year, Botafogo managed to sign the sixth highest sponsorship deal in Brazil the new sponsor Liquigás, a Petrobrás subsidiary paid the club $3.9 million (R$7.8 million) under the terms of the 1 year contract. In 2008 not only the agreement with Liquigás was renewed for another year but it also became more lucrative since the sponsorship was raised to around $5 million (R$10.2 million).
Botafogo generated in 2007 the 12th biggest revenue for all Brazilian soccer clubs, that year's revenues totalled $20.8 million (or R$41.1 million) but Botafogo had a net loss of $1.9 million (or R$3.7 million). Also at the end of 2007 Botafogo had total debts of $106.1 million (or R$209.7 million). Those numbers were obtained from a study conducted by Casual Auditores Independentes, the nature of Botafogo expenses is not known however.
Read more about this topic: Botafogo De Futebol E Regatas
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