Sporting, Sp. Braga and Benfica profited €49.7M compared to the dragons’ negative closing of €47.6M
• Photo: José Gageiro
The Swiss website Swiss Ramble, specialized in financial issues associated with sport, is carrying out an analysis this Monday of the 2022/23 annual accounts released by FC Porto and highlights the high loss in contrast to the profits presented by its main rivals.
The blue and whites presented negative numbers in the order of €47.627M, in contrast to the positive values reported by Sporting (€25.2M), Sp. Braga (€20.3M) and Benfica (€4.2M). These companies together generated a profit of €49.7M, which leaves Porto’s SAD even more exposed to criticism of its management.
In its study of FC Porto’s Report and Accounts, Swiss Ramble points out the sporting achievements centered on the Portuguese Cup, League Cup and Super Cup, as well as presence in the round of 16 of the Champions League, and then highlights that Even that didn’t allow for closure in the ‘green’.
As Record had already done, the Swiss website notes that the drop in capital gains on player pass transactions, roughly around €70M (from €83M to €14M), caused a fall into the abyss. The previous year included proceeds from the sales of Luis Díaz, Vitinha and Fábio Vieira.
In 2022/23, the activation of Diogo Leite’s purchase option by Union Berlin yielded a capital gain of €5.7M after deducting €1.226M relating to, among other chapters, “costs with intermediation services provided by PP Sports, Lda”, the company of agent Pedro Pinho known for being close to Pinto da Costa. Francisco Conceição, in turn, left €5M in surplus value when he left for Ajax.
The Swiss Ramble also attributes an increase in revenue (15M€) to a more successful campaign in the Champions League, but this ends up being canceled out by the increase in costs seen in chapters such as personnel costs (12M€) and other expenses (7M €). By Vítor Pinto
41
Leave your comment
2023-10-16 14:55:17
#Swiss #highlight #Portos #losses #contrast #rivals #profits #Porto #Jornal #Record
