Sporting finished the first half of this season with the biggest profit (€58.3 million) in their history for that period. This result is due to record turnover (€178.1 million), based mainly on the sale of players (gross revenue above €136 million), which offset the operating deficit.
Due to the absence of the Champions League, Sporting’s income from European competitions in the first half of the season fell from €35.4 million to €10.4 million. This fall of €25 million was mitigated by small improvements in other components such as advertising, merchandising (almost doubled) and box office, but this was not enough to avoid a fall in operating revenues of €19 million (from €74.4 million to €55 million). .4 million euros). Euro).
On the other hand, daily expenses increased by 4.9 million euros (from 65 million euros to 69.9 million euros), mainly due to costs of materials and personnel. SAD’s governing bodies had their salaries cut (from €447,000 to €314,000) and performance bonuses were reduced by almost €2 million, but the basic remuneration of employees (with players at the helm) increased by €6.2 million (from €27,000). 9 million euros). euros to 34.1 million euros).
After all, the operating balance without player transactions led to a loss of 14.5 million euros. The financial component made a positive contribution of €6.5 million, reducing the gap to €8 million.
However, this shortage in the remaining parts was resolved by the transfer market. Taking into account sales, loans, previous deals with additional players and the solidarity mechanism, and after discounting costs such as the book value of athletes, interest attributable to third parties, agent commissions and depreciation of team members, transactions with players resulted in a profit of 66. 3 million dollars. Euro.
Having ended the year with a positive result of 58.3 million euros, SAD increased its capital to 67.2 million euros (assets – 398.6 million euros, liabilities – 331.4 million euros).
Author: João Moniz
Source: CM Jornal
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