Portuguese international Otavio’s transfer to Saudi Arabian side Al Nasr last summer brought a record profit of €39.6 million to Porto SAD FC last summer, the national runner-up announced today.
Signed by a club coached by compatriot Luis Castro and featuring Cristiano Ronaldo on their roster, the 29-year-old midfielder became the best-selling player in Blaugrana’s history, leaving for €60 million to comply with the applicable termination clause.
After deducting the net book value of the pass at the date of sale, solidarity mechanism fees, the share of the sale price of the pass held by third parties and the value of the financial statement, FC Porto realized a capital gain of $39.6 million. Euro.
In fact, it was the Dragons’ most lucrative deal yet, beating the €35.476 million deal for Portuguese midfielder Vitinny to two-time French champions Paris Saint-Germain, which closed for €41.4 million in the summer of 2022.
FC Porto SAD achieved almost 41 million euros in capital gains from the sale of passes in the first half of the 2023/24 financial year, including 39.6 million euros received by Otavio and 800,667 euros due to the departure of Tomas Estevez to Pisa. , starting from the Italian high school level.
The consolidated report and the accounts sent to the Securities Market Commission (CMVM) also detail that from July 1 to July 31, the Blues and Whites invested €34.962 million in player acquisitions and €2.397 million in additional expenses.
Famalican received 10 IU for the sale of 90% of the economic rights of midfielder Ivan Jaime, and passes from midfielders Alan Varela (ex-Boca Juniors, 8 million euros) and Nico Gonzalez (ex-FC Barcelona, 8.4 million euros) or striker Fran Navarro (ex-Gil Vicente, €7 million), who is on loan from Olympiacos, is 100% owned by Porto.
The hiring of Alan Varela and Nico Gonzalez entailed additional costs of €1.2 million and €1.1 million respectively, which may include brokerage fees, legal fees and subscription fees, as well as other costs for the purchase of property rights.
The administration led by Pinto da Costa also spent €1.5 million to retain an additional 35% of goalkeeper Samuel Portugal, who arrived from Portimonense in the 2022/23 season and cost €2.5 million for 55% of the transfers, but has not yet made his . debut for the “dragons”.
SAD personnel costs amounted to €43.1 million, down €7.9 million compared to the first half of last year, with a focus on administrative remuneration (from €2.966 million to €1.365 million) and staff (from €34.91 million). Euro). up to 30.067 million euros).
On February 19, FC Porto SAD already informed the market that it had achieved a positive consolidated net result of €45.285 million in the first half of the 2023/24 season, compared to a loss of €9.891 million recorded in the same period of the previous season. . .
“We decided to maintain our sporting competitiveness as much as possible – which allowed us to brilliantly overcome the group stage of the Champions League – and postpone the implementation of added value until a more favorable phase. The result is just around the corner. “has not fallen into a financial situation of relief from one moment to the next, but has taken an important step towards balance and sustainability. Without euphoria, partners and all shareholders can be confident that we are on the right track,” Pinto da Costa emphasized in a statement published in the consolidated semi-annual report and financial statements.
Author: Lusa
Source: CM Jornal
I’m Dave Martin, and I’m an experienced journalist working in the news industry. As a part of my work, I write for 24 News Reporters, covering mostly sports-related topics. With more than 5 years of experience as a journalist, I have written numerous articles on various topics to provide accurate information to readers.