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Corinthians Declines to Renew Memphis Depay Contract

The club says it refused renewal to protect its finances, prompting sponsor offers, player legal action, and unrest inside the squad.

Overview

  • Corinthians announced on Tuesday that it would not renew Memphis Depay's contract, making the 32-year-old striker a free agent.
  • Football and legal staff had uploaded a two-year deal bearing Depay's signature but president Osmar Stábile refused to sign and complete the renewal.
  • Sponsor Fatal Fans formalized a conditional R$5 million addendum to help cover Depay's costs but the payment required a signed renewal and therefore never took effect.
  • Depay posted on X that he was 'very disappointed' and said he will pursue outstanding debt claims linked to his time at the club, which have been reported at roughly R$77 million.
  • Coach Fernando Diniz said the decision shocked the squad, Corinthians is looking for backers to possibly reopen talks, and several Brazilian clubs have shown interest in the player.