Maracana: Fluminense sign lease for 35 years as a resident club

Fluminense (Brazilian champions in 2012) have signed a 35-year lease with the Maracana SA Consortium to become the resident club of the Maracana stadium in Rio de Janeiro (capacity: 78,800 seats), on the 16/07/2013. The Maracana SA private consortium (formed by Odebrecht Participações, Investimentos SA and Batista's sports, a joint venture between IMG) won the rights to lease the stadium on the 14/05/2013.

The agreement allows Fluminense to sell 43,000 tickets (54% of total capacity) for its home games. The club will generate revenue through a club shop to be built on the site. The Maracana Consortium will manage the 35,800 remaining tickets (46%), and operate the various hospitality areas of the stadium.

“We haven’t invested one real in the Maracana stadium and we will begin to make a profit immediately. Our expenses to play there are zero and we will have the profits of 43,000 seats," said Peter Siemsen, the Fluminense president.

No other club in Rio has finalised an agreement with the Maracana Consortium. Flamengo is still in negotiations to play in the stadium that will host…