Botafogo

On 1 July 1894, the Club de Regatas Botafogo was founded in Rio de Janeiro as a rowing club.

On 12 August 1904, another club was founded in the neighborhood: the Electro Club, the name first given to the Botafogo Football Club. The idea came during an algebra lesson at Alfredo Gomes College.^[] The Electro Club was founded, but its name did not last. After a suggestion from Dona Chiquitota, Flávio's grandmother, the club finally became the Botafogo Football Club, on its 18 September. The colors were black and white like those of Juventus FC, the team of Itamar Tavares, one of the club's founders. Its badge was drawn by Basílio Vianna Jr., in Swiss style with the BFC monogram. The Botafogo Football Club would soon become one of the strongest football teams in Rio de Janeiro, winning the championships of 1907, 1910, 1912 and more.

With the same name, the same location, the same colours and most importantly the same supporters, it seemed inevitable that the clubs would merge. They did so on 8 December 1942, after a basketball match between both clubs, when the Botafogo Football Club player Armando Albano died suddenly, that the idea of a merger began. On this tragic occasion, the president of the Club de Regatas Botafogo, Augusto Frederico Schmidt, spoke: "At this time, I declare to Albano that his last match ended with the victory of his team. We won't play the time left on the clock. We all want the young fighter to leave this great night as a winner. This is how we salute him." Eduardo Góis Trindade, the president of the Botafogo Football Club said: "Between the matches of our clubs, only one can be the winner: Botafogo!." And then Schmidt declared the fusion: "What else do we need for our clubs to become one?." The Botafogo de Futebol e Regatas finally came into being. The Football Club's badge became black, and the monogram substituted by the Clube de Regatas' lone star.

The team won the Campeonato Carioca in 1907, 1910 and 1912. In 1909 the team beat Mangueira 24–0, which remains the highest score in Brazilian football. They won further state titles in 1930, 1932, 1933, 1934 and 1935.

In the 1940s, after the creation of the Botafogo de Futebol e Regatas, the team's best player was Heleno de Freitas. However, Heleno did not win a championship for Botafogo. He scored 204 goals in 233 matches, but went to the Boca Juniors in 1948, the year Botafogo won its 9th state championship.

They won the Campeonato Carioca in 1957, 1961 and 1962, and in 1968 they won Serie A, becoming the first carioca club to win the Brazilian league.

1989 ended a period of 21 years without a title when the club won the state championship, retaining the trophy in 1990.

In the 1990s, Botafogo won Copa Conmebol (the precursor of the current Copa Sudamericana). And in 1995 they won the Brazilian League for the second time in club's history, after drawing 1–1 the second leg of the Final against Santos FC at São Paulo.

Botafogo would be relegated to the Second Division after ranking last in the Brazilian League of 2002. In 2003, Botafogo ranked second in Brazil's Second division (after Palmeiras) and returned to the First Division.

In 2006, the club won the Rio de Janeiro State Championship for the 18th time, and again in 2010 and 2013 with the iconic players Loco Abreu and Clarence Seedorf, respectively.

In the 2020 edition of the Série A, Botafogo performed poorly and ended the championship in the last position, causing the club's relegation to the Série B for their third time in history.

Nowadays, Botafogo is the only club to have won titles in three different centuries, including the state championship for rowing in 1899.

At the beginning of 2020, Botafogo underwent a series of internal audits to spin off its football division as a for-profit corporate entity, owned by the club, but which could be portioned and sold to investors. This was due to unprecedented legislation allowing for football clubs to be operated as corporations, and would be a solution to the severe financial crisis the club had faced for decades. Relegation to the Série B, however, delayed these plans.

2021 saw Botafogo's debt reach one billion real. They placed 6th in the Rio de Janeiro State Championship, after a penalty decision lost to the also relegated Vasco da Gama. The club was off to a middling start to the Série B season, but bounced back after the hiring of manager Enderson Moreira, who was able to bring Botafogo back to the top tier of Brazilian football, as champions of the 2021 edition of Série B. It was Botafogo's second Série B title.

Meanwhile, the incoming administration had begun internal restructuring, hiring executive Jorge Braga for the brand-new post of CEO and downsizing its workforce considerably. Botafogo entered into a partnership with the investment firm XP Inc. to seek out potential buyers for its football division, which was in the process of becoming its own corporate entity. Congress had recently passed the Sociedade Anônima de Futebol (SAF) law, allowing foreigners to purchase shares in Brazilian football clubs for the first time in history.

Having averted complete financial disaster by returning to Série A, the country's top competitive tier, Botafogo finalized its transition into the SAF legal structure. The social club remained as an entity, owning 100% of Botafogo SAF's shares. In January 2022, it came to light that American investor John Textor, owner of a majority stake in Premier League club Crystal Palace F.C., was in talks to purchase a majority share of Botafogo. In February 2022, the club announced the acquisition of 90% of the shares of Botafogo's football division by Textor's holding company Eagle Holdings and the start of a new era for the club.

Textor's first major move in charge of the club was the dismissal of Enderson Moreira in favor of Portuguese manager Luís Castro. Castro signed with Botafogo in March 2022, and the team had to hurry to build their squad for the 2022 Campeonato Brasileiro. Botafogo finished that year's league edition in 11th place, guaranteeing a spot in the 2023 Copa Sudamericana.

At the 2023 Campeonato Brasileiro, Botafogo, then thought of as a team that at most would fight for a spot in the top 6, shocked everyone by coming in first place after only 3 rounds, then leading the league by 13 points after 19 matches and on course to have the greatest first half of a season in Brazilian football history. In June 2023, coach Luís Castro accepted an offer from Al Nassr of the Saudi Pro League, paving the way for the arrival of Portuguese manager Bruno Lage. However, due to poor results and controversies, Lage was dismissed after about 3 months. For the remainder of the 2023 season, with the coaching position vacant, Botafogo's SAF leadership decided to promote two fan favorites to key positions in the team's management: a former coach of Botafogo's U-23 team, Lúcio Flávio, was appointed interim coach, with former Argentine defender Joel Carli as his assistant.

Constant change of managers caused Botafogo to have the biggest title collapse in football history, as the team won only 2 of their last 17 fixtures, not only losing the title to Palmeiras but dropping to 5th in the table and losing the automatic qualification spot for the Copa Libertadores. A round of 16 exit in the Copa do Brasil, a quarterfinal exit in the Copa Sudamericana, and a disappointing Campeonato Carioca made the year one of the most painful seasons in the club's history.

The total debt owned by the club has been reduced and now sits at around 730 million reais.