IBOV 176,013 ▲ 0.16% IPSA 10,928 ▲ 0.16% IPC MEX 66,618 ▲ 0.98% MERVAL 3,228,986 ▼ 0.20% COLCAP 2,300.88 ▼ 0.29% BVL PERÚ 56,428.20 ▲ 2.18% USD/BRL5.08▼ 1.18% USD/MXN17.43▼ 0.59% USD/CLP923.58▼ 1.00% USD/COP3,255▼ 0.22% USD/PEN3.39▼ 0.62% USD/ARS1,473▼ 0.71% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.31▲ 0.39% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.28% BRENT 84.86 ▲ 1.87% WTI 79.04 ▲ 1.15% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.42% GOLD 4,070 ▲ 1.82% SILVER 59.15 ▲ 2.62% SOY 1,192 ▼ 0.85% CORN 459.75 ▲ 5.03% WHEAT 644.75 ▲ 2.83% COFFEE 334.85 ▼ 1.92% SUGAR 14.91 ▲ 1.08% ORANGE JUICE 139.35 ▼ 2.24% COTTON 81.68 ▲ 2.32% COCOA 5,824 ▲ 2.25% BEEF 231.90 ▼ 1.20% CATTLE 349.65 ▼ 1.33% LITHIUM 71.43 ▲ 1.69% PETR4 40.77 ▲ 0.27% VALE3 73.92 ▲ 1.47% ITUB4 43.45 ▼ 0.16% BBDC4 18.54 ▼ 1.23% ABEV3 15.86 ▲ 0.19% BBAS3 20.46 ▲ 1.09% B3SA3 15.31 ▲ 1.26% WEGE3 44.19 ▼ 0.45% PRIO3 56.98 ▼ 0.38% SUZB3 41.05 ▼ 1.06% RENT3 40.30 ▲ 0.25% AZZA3 18.86 ▼ 1.87% CSAN3 3.87 ▼ 0.77% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 53.98 ▼ 0.11% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.67 ▼ 1.44% NATU3 8.50 ▼ 1.16% BRKM5 6.63 ▼ 4.47% RANI3 8.01 ▲ 0.75% CSNA3 5.12 ▼ 2.29% CMIN3 5.22 ▼ 4.22% USIM5 8.25 ▼ 1.55% GGBR4 23.08 ▲ 1.14% ENEV3 26.89 ▲ 0.04% CPFE3 46.99 ▲ 0.32% CMIG4 11.10 ▲ 0.27% EQTL3 40.56 ▲ 0.87% LREN3 14.12 ▼ 0.21% VIVT3 35.20 ▲ 1.35% RAIL3 14.09 ▼ 0.14% KLABIN 17.34 ▼ 0.80% RAIA DROGASIL 18.38 ▲ 0.99% RDOR3 35.61 ▲ 0.14% HAPV3 10.63 ▲ 1.63% FLRY3 16.21 ▲ 0.37% SMTO3 16.05 ▼ 1.95% UGPA3 30.00 ▼ 3.01% VBBR3 32.87 ▲ 0.34% BBSE3 40.22 ▼ 0.15% BPAC11 57.89 ▲ 0.64% CURY3 32.78 ▼ 1.03% AERI3 2.09 ▲ 0.48% VIVARA 23.23 ▲ 0.52% COMPASS 25.13 ▲ 1.45% VAMOS 3.04 ▲ 0.66% SANB11 27.27 ▼ 0.37% ASAI3 8.65 ▼ 0.69% SBSP3 30.22 ▼ 0.49% WALMEX 49.41 ▼ 0.48% GMEXICO 201.11 ▲ 2.82% FEMSA 233.05 ▲ 3.41% CEMEX 22.11 ▲ 1.52% GFNORTE 186.61 ▲ 2.49% BIMBO 56.33 ▲ 0.82% TELEVISA 9.44 ▼ 1.77% AMX 22.86 ▲ 1.20% GAP 387.54 ▼ 5.06% ASUR 277.70 ▼ 0.34% OMA 233.97 ▲ 0.28% KOF 181.80 ▲ 0.07% GRUMA 282.41 ▲ 0.37% KIMBER 38.41 ▲ 0.50% SQM-B 67,511 ▲ 0.45% COPEC 6,074 ▲ 0.28% BSANTANDER 78.87 ▲ 0.86% FALABELLA 5,906 ▲ 0.02% ENELAM 85.20 ▲ 1.19% CENCOSUD 2,057 ▲ 0.83% CMPC 1,087 ▲ 0.84% BANCO CHILE 188.49 ▲ 1.89% LATAM AIR 24.53 ▼ 1.49% YPF 76,850 ▼ 0.42% GGAL 8,050 ▼ 0.37% PAMPA 5,205 ▼ 0.38% TXAR 665.00 ▲ 0.08% ALUAR 961.00 ▼ 0.36% TGS 9,670 ▲ 1.04% CEPU 2,304 ▼ 0.65% MIRGOR 16,825 ▼ 1.03% COME 45.20 ▲ 0.94% LOMA NEGRA 3,540 ▲ 1.22% BYMA 306.50 ▼ 0.57% TELECOM ARG 4,250 — 0.00% ECOPETROL 15.95 ▲ 0.44% BANCOLOMBIA 81.77 ▲ 1.67% GRUPO AVAL 4.91 — 0.00% CREDICORP 391.93 ▲ 0.70% SOUTHERN COPPER 180.16 ▲ 3.23% BUENAVENTURA 30.80 ▲ 3.27% MERCADOLIBRE 1,868 ▲ 0.01% NUBANK 13.95 ▲ 2.01% XP 16.68 ▲ 1.89% PAGSEGURO 9.20 ▼ 0.86% STONE 11.16 ▲ 0.09% GLOBANT 31.65 ▼ 1.48% TECNOGLASS 43.43 ▲ 1.37% GAP AIRPORT 222.34 ▼ 4.48% ASUR 277.70 ▼ 0.34% OMA AIRPORT 107.54 ▲ 1.33% AMX ADR 26.16 ▲ 0.50% FEMSA ADR 133.81 ▲ 3.72% CEMEX ADR 12.70 ▲ 2.01% PETROBRAS ADR 17.99 ▲ 0.62% VALE ADR 14.53 ▲ 2.43% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.39 ▲ 0.65% AMBEV ADR 3.10 ▲ 1.31% CSN 1.02 ▼ 1.46% GERDAU 4.55 ▲ 1.34% LATAM ADR 53.19 ▼ 0.26% BTC 64,767 ▲ 4.06% ETH 1,874 ▲ 5.66% SOL 77.47 ▲ 3.48% XRP 1.11 ▲ 3.84% BNB 582.25 ▲ 2.76% ADA 0.17 ▲ 5.70% DOGE 0.08 ▲ 4.59% AVAX 6.67 ▲ 3.50% LINK 8.30 ▲ 5.36% DOT 0.86 ▲ 2.57% LTC 44.82 ▲ 3.06% BCH 238.65 ▲ 1.02% TRX 0.32 ▲ 0.29% XLM 0.18 ▲ 2.33% HBAR 0.07 ▲ 0.57% NEAR 2.03 ▲ 6.06% ATOM 1.55 ▲ 1.17% AAVE 100.08 ▲ 6.06% SELIC 14.25% EMBRAER 82.86 ▼ 0.18% EMBRAER ADR 65.16 ▲ 1.05% JBS 11.86 ▲ 0.51% JBS BDR 60.20 ▼ 0.68% MBRF3 15.99 ▲ 1.72% MBRFY 3.10 ▲ 1.64% INTER 5.66 ▲ 0.18% EGX 52,299 ▼ 0.59% USD/ZAR16.37▼ 0.60% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.14▼ 0.18% USD/CNY6.76▼ 0.31% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD1.14▲ 0.43% GBP/USD1.34▼ 0.03% SPX 7,536 ▲ 0.27% DJI 52,414 ▼ 0.16% NDX 29,580 ▲ 1.08% RUT 2,965 ▲ 0.39% TSX 35,317 ▲ 0.18% VIX 16.50 ▼ 3.85% USD/CAD1.41▼ 0.64% US10Y 4.5790 ▼ 0.65% IBOV 176,013 ▲ 0.16% IPSA 10,928 ▲ 0.16% IPC MEX 66,618 ▲ 0.98% MERVAL 3,228,986 ▼ 0.20% COLCAP 2,300.88 ▼ 0.29% BVL PERÚ 56,428.20 ▲ 2.18% USD/BRL 5.08 ▼ 1.18% USD/MXN 17.43 ▼ 0.59% USD/CLP 923.95 ▼ 0.96% USD/COP 3,255 ▼ 0.22% USD/PEN 3.39 ▼ 0.63% USD/ARS 1,473 ▼ 0.71% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.31 ▲ 0.39% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.28% BRENT 84.86 ▲ 1.87% WTI 79.04 ▲ 1.15% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.42% GOLD 4,070 ▲ 1.82% SILVER 59.15 ▲ 2.62% SOY 1,192 ▼ 0.85% CORN 459.75 ▲ 5.03% WHEAT 644.75 ▲ 2.83% COFFEE 334.85 ▼ 1.92% SUGAR 14.91 ▲ 1.08% ORANGE JUICE 139.35 ▼ 2.24% COTTON 81.68 ▲ 2.32% COCOA 5,824 ▲ 2.25% BEEF 231.90 ▼ 1.20% CATTLE 349.65 ▼ 1.33% LITHIUM 71.43 ▲ 1.69% PETR4 40.77 ▲ 0.27% VALE3 73.92 ▲ 1.47% ITUB4 43.45 ▼ 0.16% BBDC4 18.54 ▼ 1.23% ABEV3 15.86 ▲ 0.19% BBAS3 20.46 ▲ 1.09% B3SA3 15.31 ▲ 1.26% WEGE3 44.19 ▼ 0.45% PRIO3 56.98 ▼ 0.38% SUZB3 41.05 ▼ 1.06% RENT3 40.30 ▲ 0.25% AZZA3 18.86 ▼ 1.87% CSAN3 3.87 ▼ 0.77% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 53.98 ▼ 0.11% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.67 ▼ 1.44% NATU3 8.50 ▼ 1.16% BRKM5 6.63 ▼ 4.47% RANI3 8.01 ▲ 0.75% CSNA3 5.12 ▼ 2.29% CMIN3 5.22 ▼ 4.22% USIM5 8.25 ▼ 1.55% GGBR4 23.08 ▲ 1.14% ENEV3 26.89 ▲ 0.04% CPFE3 46.99 ▲ 0.32% CMIG4 11.10 ▲ 0.27% EQTL3 40.56 ▲ 0.87% LREN3 14.12 ▼ 0.21% VIVT3 35.20 ▲ 1.35% RAIL3 14.09 ▼ 0.14% KLABIN 17.34 ▼ 0.80% RAIA DROGASIL 18.38 ▲ 0.99% RDOR3 35.61 ▲ 0.14% HAPV3 10.63 ▲ 1.63% FLRY3 16.21 ▲ 0.37% SMTO3 16.05 ▼ 1.95% UGPA3 30.00 ▼ 3.01% VBBR3 32.87 ▲ 0.34% BBSE3 40.22 ▼ 0.15% BPAC11 57.89 ▲ 0.64% CURY3 32.78 ▼ 1.03% AERI3 2.09 ▲ 0.48% VIVARA 23.23 ▲ 0.52% COMPASS 25.13 ▲ 1.45% VAMOS 3.04 ▲ 0.66% SANB11 27.27 ▼ 0.37% ASAI3 8.65 ▼ 0.69% SBSP3 30.22 ▼ 0.49% WALMEX 49.41 ▼ 0.48% GMEXICO 201.11 ▲ 2.82% FEMSA 233.05 ▲ 3.41% CEMEX 22.11 ▲ 1.52% GFNORTE 186.61 ▲ 2.49% BIMBO 56.33 ▲ 0.82% TELEVISA 9.44 ▼ 1.77% AMX 22.86 ▲ 1.20% GAP 387.54 ▼ 5.06% ASUR 277.70 ▼ 0.34% OMA 233.97 ▲ 0.28% KOF 181.80 ▲ 0.07% GRUMA 282.41 ▲ 0.37% KIMBER 38.41 ▲ 0.50% SQM-B 67,511 ▲ 0.45% COPEC 6,074 ▲ 0.28% BSANTANDER 78.87 ▲ 0.86% FALABELLA 5,906 ▲ 0.02% ENELAM 85.20 ▲ 1.19% CENCOSUD 2,057 ▲ 0.83% CMPC 1,087 ▲ 0.84% BANCO CHILE 188.49 ▲ 1.89% LATAM AIR 24.53 ▼ 1.49% YPF 76,850 ▼ 0.42% GGAL 8,050 ▼ 0.37% PAMPA 5,205 ▼ 0.38% TXAR 665.00 ▲ 0.08% ALUAR 961.00 ▼ 0.36% TGS 9,670 ▲ 1.04% CEPU 2,304 ▼ 0.65% MIRGOR 16,825 ▼ 1.03% COME 45.20 ▲ 0.94% LOMA NEGRA 3,540 ▲ 1.22% BYMA 306.50 ▼ 0.57% TELECOM ARG 4,250 — 0.00% ECOPETROL 15.95 ▲ 0.44% BANCOLOMBIA 81.77 ▲ 1.67% GRUPO AVAL 4.91 — 0.00% CREDICORP 391.93 ▲ 0.70% SOUTHERN COPPER 180.16 ▲ 3.23% BUENAVENTURA 30.80 ▲ 3.27% MERCADOLIBRE 1,868 ▲ 0.01% NUBANK 13.95 ▲ 2.01% XP 16.68 ▲ 1.89% PAGSEGURO 9.20 ▼ 0.86% STONE 11.16 ▲ 0.09% GLOBANT 31.65 ▼ 1.48% TECNOGLASS 43.43 ▲ 1.37% GAP AIRPORT 222.34 ▼ 4.48% ASUR 277.70 ▼ 0.34% OMA AIRPORT 107.54 ▲ 1.33% AMX ADR 26.16 ▲ 0.50% FEMSA ADR 133.81 ▲ 3.72% CEMEX ADR 12.70 ▲ 2.01% PETROBRAS ADR 17.99 ▲ 0.62% VALE ADR 14.53 ▲ 2.43% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.39 ▲ 0.65% AMBEV ADR 3.10 ▲ 1.31% CSN 1.02 ▼ 1.46% GERDAU 4.55 ▲ 1.34% LATAM ADR 53.19 ▼ 0.26% BTC 64,767 ▲ 4.06% ETH 1,874 ▲ 5.66% SOL 77.47 ▲ 3.48% XRP 1.11 ▲ 3.84% BNB 582.25 ▲ 2.76% ADA 0.17 ▲ 5.70% DOGE 0.08 ▲ 4.59% AVAX 6.67 ▲ 3.50% LINK 8.30 ▲ 5.36% DOT 0.86 ▲ 2.57% LTC 44.82 ▲ 3.06% BCH 238.65 ▲ 1.02% TRX 0.32 ▲ 0.29% XLM 0.18 ▲ 2.33% HBAR 0.07 ▲ 0.57% NEAR 2.03 ▲ 6.06% ATOM 1.55 ▲ 1.17% AAVE 100.08 ▲ 6.06% SELIC 14.25% EMBRAER 82.86 ▼ 0.18% EMBRAER ADR 65.16 ▲ 1.05% JBS 11.86 ▲ 0.51% JBS BDR 60.20 ▼ 0.68% MBRF3 15.99 ▲ 1.72% MBRFY 3.10 ▲ 1.64% INTER 5.66 ▲ 0.18% EGX 52,299 ▼ 0.59% USD/ZAR 16.38 ▼ 0.45% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.14 ▼ 0.18% USD/CNY 6.7576 ▼ 0.20% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD 1.1431 ▲ 0.39% GBP/USD 1.3383 ▲ 0.25% SPX 7,536 ▲ 0.27% DJI 52,414 ▼ 0.16% NDX 29,580 ▲ 1.08% RUT 2,965 ▲ 0.39% TSX 35,317 ▲ 0.18% VIX 16.50 ▼ 3.85% USD/CAD 1.4067 ▼ 0.61% US10Y 4.5790 ▼ 0.65%
since 2009
Tuesday, July 14, 2026

Botafogo’s Coaching Change Shows How Business Drives Football Decisions

By · June 30, 2025 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Botafogo, a big football club from Brazil, fired their coach Renato Paiva on June 30, 2025. This happened just two days after the team lost 1-0 to Palmeiras in extra time at the Club World Cup in the United States.

Paiva had only been in charge for four months and managed 23 games. During his short time, Botafogo had some important wins, like beating Paris Saint-Germain, but it was not enough.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

The club’s American owner, John Textor, wanted the team to play more attacking football. He was not happy with Paiva’s defensive tactics, especially in big matches. Textor made it clear that he wants Botafogo to play in a way that entertains fans and helps the club grow.

Textor’s decisions are not just about football. He runs Botafogo like a business. Since he bought the club in 2022, Botafogo’s money situation has improved a lot. The club’s revenue went from $24 million in 2022 to $78 million in 2023, and it is expected to reach $97 million in 2024.

This growth comes from better sponsorship deals, more money from TV, and success in competitions. For example, Botafogo recently signed its biggest-ever sponsorship deal, worth $5.4 million per season.

Botafogo’s Coaching Change Shows How Business Drives Football Decisions
Botafogo’s Coaching Change Shows How Business Drives Football Decisions. (Photo Internet reproduction)
RT
Ask Rio Times
Latin American culture, food and life.
Open the full Ask Rio Times →

Winning matches and trophies is important for more than just pride. When the team does well, sponsors pay more, fans buy more tickets, and the value of the players goes up. In 2025, Botafogo earned over R$130 million from prize money alone.

Textor has also made changes to how the club is run. He stepped down from running the French club Lyon so he could focus more on Botafogo. He wants every part of the club to work professionally and expects results on and off the field.

Now, Botafogo is looking for a new coach who can bring the attacking style that Textor wants. The club is still competing in the Brazilian league, the Copa Libertadores, and the Copa do Brasil.

The next coach will need to deliver good football and keep the club’s business goals on track. Botafogo’s story shows that, today, football clubs are businesses as much as sports teams.

Success on the field leads to financial growth, and owners like Textor make decisions with both in mind. Fans and investors will be watching closely to see if the next coach can deliver the results that keep Botafogo winning—both in games and in business.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.