2023-11-07 05:00:39
It was expected, but the numbers hit the red and white reality. Sporting will present 5.1 million euros of losses corresponding to last season, 2022-23, at its next shareholders meeting (December 5, 11:00 a.m., El Molinón press room, on first call). Orlegi closes its first year of management in the red after partially correcting the hole that was seen coming: 6.9 million in losses had been budgeted for this period. He has done so with the help of an increase in revenue, especially in player sales. The accounts include the entry of 5.9 million euros by Manu García, Gragera and Diego Mariño, which translated into a net profit of 4.1 million – subtracting the 1.8 million in pending amortizations. That and having improved subscription figures, ticket sales and sponsorships, among others, has helped cushion the blow.
Orlegi assumed his first year of management as a transition. A time in which, in addition, the group sought to compensate for the imbalances through a capital increase of 7 million euros. The bet has been ambitious, both when it comes to moving assets and in the attempt to boost income. The state of the accounts, at the moment, show red numbers. A situation that, as David Guerra once mentioned, will be a trend in the Second Division given the size of the club in a market with limited income capacity compared to the top category showcase. However, it is striking that even selling players for 5.9 million euros, the club loses 5.1 million in the same year.
The accounts have the favorable opinion of the auditor, the firm EB Auditores, which warns of the negative working capital (6.4 million euros) and highlights that Sporting still has to pay in 13.8 of the 27.8 million that it owes. corresponds to CVC. The documentation breaks down how Orlegi went from global revenues of 15.6 million to 21.9. This is justified, in addition to sales, in having managed to go from 1.5 to 3.8 million in subscription income; opt for 7.1 million on television (1.4 less than the previous season due to the team’s poor classification); 1.5 million in tickets (almost double the previous campaign) and 3 million in sponsorships (half a million more).
Expenses also increased, going from 24 to 27 million euros. 10.1 million euros are dedicated to the first team (players, coaches and workers) (up from 8.8 the previous year), while the amount for the quarry is reflected in 1.3 million. Another of the striking data that shows the volume of business is that the club dedicates 7.8 million to taxes to public administrations. Or the increase in the number of hired workers, going from 143 to 263 in the first year of Orlegi. The accounts also detail that, after the last increase, Orlegi owns 86.45% of the share package. The budget for the current season remains to be known, which will be announced at the meeting.
#Sporting #present #losses #million #shareholders #meeting