Corinthians decides not to renew contract with Dutch forward Memphis Depay

Brazilian football giant Corinthians announced Tuesday that it will not extend the contract of Dutch forward Memphis Depay, whose agreement with the club expired at the end of July. The decision, described as "difficult" by the club, stems primarily from financial considerations.

Corinthians cited its current and future financial obligations as the primary reason for not pursuing a new contract. The club stated that assuming a commitment of Depay's magnitude would be incompatible with the financial balance necessary for the institution's sustainability. This move underscores the financial pressures facing many major football clubs.

During his time with Corinthians since September 2024, the 32-year-old Depay participated in 79 matches, netting 20 goals. He contributed to the team's success by winning three titles: the Campeonato Paulista and the Copa do Brasil in 2025, and the Supercopa in 2026. The club expressed gratitude for his dedication and achievements.

The departure of Depay, who did not return to São Paulo after representing the Netherlands in the World Cup, exacerbates an already critical offensive situation for coach Fernando Diniz. With key forwards Yuri Alberto, Zakaria Labyad, Vitinho, and Kayke sidelined by injury, the team's attacking options are severely limited. This crisis has opened opportunities for players like Pedro Raúl, who has stepped into a starting role.

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Given the current and future financial obligations of Corinthians, it became clear that assuming a new commitment of such magnitude would not be compatible, at this moment, with the financial balance we must preserve to ensure the institution's sustainability.