February 28, 2022 – 11:10 pm
Debt to current suppliers has increased by almost 13 M€ since 1 July
With a positive net result of 9.5 million euros in the first half, Sporting’s SAD records the “success of the 2021-2024 bond loan” which had “demand vastly superior to supply and thus reinforcing the company’s credibility in the financial markets .” The lions argue that one of the reasons that will help explain this trajectory of recovery can be found in the homework done since 2018, in a term that is now about to come to an end (elections are scheduled for next Saturday, March 5th). “The restructuring of the main squad carried out over the two previous seasons, which resulted in an extraordinary cost in compensation, allowed an accumulated structural savings of more than 35 million euros, and Sporting SAD is now reaping the fruits of this planning”, claims the team of Frederico Varandas and Francisco Salgado Zenha, not without noting the “unavoidable impact of the consequences caused by the COVID-19 pandemic”, namely in the global transfer market “which registered a fall of 2,317 million euros (less 40%). “
Despite Nuno Mendes’ loan to PSG (for 7 million), which is about to guarantee a cash inflow of another 40 M€, the transfer window and the investment in the team have increased the debt bill to current suppliers, that is, clubs and companies that have amounts receivable from Sporting within one year. However, since 1 July, this amount has increased by almost 13 million euros: it was 54.629 million euros on 30 June and, on 31 December, the end of the semester, it stood at 67.557 million euros.
–
By Vitor Almeida Goncalves
1
leave your comment
–
–
