Corinthians terminates contract with Memphis Depay for financial reasons

Corinthians, the Brazilian football club, announced on October 11 that it will not renew forward Memphis Depay's contract. According to the club's official statement, this decision was made for financial reasons.

The president of Corinthians, Osmar Stabile, and the board confirmed that the club is facing financial difficulties and cannot continue to pay the salary of the Dutch international. This was also mentioned in a statement on the club's website, where they expressed their appreciation for Depay.

Memphis Depay, who joined Corinthians in September 2024, played a total of 79 matches during his tenure, scoring 20 goals and providing 15 assists. He won three titles with the club, including the Campeonato Paulista and the Copa do Brasil in 2025.

Last week, it appeared that a principle agreement had been reached for a contract extension, but this has since fallen through. The previous negotiations seemed to be progressing well, but the final decision has disappointed the expectations of the player and his representatives.

Following the announcement, Depay expressed his anger on social media, stating that this treatment is unacceptable and that he will not simply accept it. He feels frustrated by the abruptness of the decision, especially since he believed his contract had already been extended.

The situation surrounding Depay has led to significant surprise and discussion among fans and analysts. While the club provides financial accountability for the decision, it remains unclear what the player's future will look like now that he is a free agent.