IBOV 183,223.75 ▲ 0.13% IPSA 11,064.58 ▼ 0.66% IPC MEX 64,944.41 ▼ 0.07% MERVAL 2,771,311 ▼ 0.99% COLCAP 2,565.60 ▼ 0.53% BVL PERÚ 60,220.45 ▲ 0.02% USD/BRL5.21▼ 0.38% USD/MXN18.05▲ 0.31% USD/CLP973.15▲ 0.49% USD/COP3,327▲ 0.74% USD/PEN3.44▼ 0.05% USD/ARS1,524▼ 0.05% USD/UYU40.27▲ 3.67% USD/PYG5,843▲ 2.30% USD/BOB11.96▲ 0.45% USD/DOP59.27▲ 2.75% USD/CRC452.68▲ 2.68% USD/GTQ7.64▲ 3.13% USD/HNL26.87▲ 3.23% USD/NIO36.62▲ 2.65% USD/VES855.74▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.70▲ 1.64% EUR/BRL5.90▲ 0.11% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 183,223.75 ▲ 0.13% IPSA 11,064.58 ▼ 0.66% IPC MEX 64,944.41 ▼ 0.07% MERVAL 2,771,311 ▼ 0.99% COLCAP 2,565.60 ▼ 0.53% BVL PERÚ 60,220.45 ▲ 0.02% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Earnings Latest News

Flamengo Breaks Earnings Record in Copa do Brasil Final

Flamengo set a new revenue record in the Copa do Brasil final against São Paulo at the Maracanã Stadium.

By Oliver Mason · September 19, 2023 · 2 min read

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Flamengo

Flamengo set a new revenue record in the Copa do Brasil final against São Paulo at the Maracanã Stadium.

About 60,390 fans attended. Ticket prices varied from $80 to $860.

In the first hour, 21,000 tickets were sold. Sales peaked at 800 tickets per minute. On average, 350 tickets are sold every 60 seconds.

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The club has partnered with Imply since 2017. Imply’s platform offers secure and efficient ticketing.

Imply CEO Tironi Paz Ortiz spoke highly of the tech. He said it’s robust and can handle big crowds.

Flamengo Breaks Earnings Record in Copa do Brasil Final.
Flamengo Breaks Earnings Record in Copa do Brasil Final.
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Henrique Borges, CEO of Somos Young, noted something important. The record revenue shows the untapped financial power of Brazilian football.

The Maracanã Stadium holds four of Brazil’s top-ten highest-earning games. All feature Flamengo.

Before this, the top earner was a 2013 Copa Libertadores final. That game pulled in $2.8 million.

Sports marketing professor Ivan Martinho shared his views. He stressed the growing allure of Copa do Brasil.

Renê Salviano, CEO of Heatmap, agreed. He linked higher crowd numbers to better club services.

Salviano also made another point. At least half the sales went to club members. This shows growth in member engagement.

In summary, this record revenue marks a turning point. It shows new financial ambitions for Brazilian football.

The trend is upward, both in crowd numbers and overall sport experience.

Background

This record is not just a financial milestone for Flamengo. It also impacts the wider scope of Brazilian football.

Importantly, it emphasizes the role of tech in sports. With Imply’s advanced platform, ticket sales hit record speed. Hence, it serves as a blueprint for other clubs.

Moreover, high ticket sales mean more than just revenue. They represent growing interest in the sport.

When fans are willing to pay, it indicates a quality product. Yet, this record also raises some questions.

Are these high prices sustainable? Will they alienate average fans in the long run?

 

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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