Despite the corona crisis and the roof drama, AZ has made a profit of 5.6 million euros in the past season. The club writes that in the annual report. In the current year, the residents of Alkmaard expect to make a loss as a result of the crisis and the costs associated with the new roof.
Net turnover increased by more than five million euros to 30.8 million euros, mainly due to income from European football. AZ reached the group stage of the Europa League last season and made it to the knockout stage. However, the regular revenues from receipts, catering and sponsorship were significantly lower than in a normal season, as a result of corona and the roof drama.
AZ estimates that the corona crisis has cost the club more than three million euros in turnover. The corona crisis will also have major consequences in the current season. However, the Alkmaarders can absorb the expected loss because a buffer has been built up. “We look to the future with confidence,” the club said. Diverting to other stadiums resulted in a cost of about three million.
The result of compensation amounts is 6.8 million euros positive. The transfer from Oussama Idrissi to Seville will only be included in the 2020/2021 financial year.
The profit of last season is added by AZ to the shareholders’ equity, which has increased (as of June 30 of this year) to 38.8 million euros.
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