Home » Atlético de Madrid cuts its losses to 6.4 million due to transfer gains

Atlético de Madrid cuts its losses to 6.4 million due to transfer gains

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Atlético de Madrid cuts its losses to 6.4 million due to transfer gains

Atlético de Madrid, less and less red. The red and white team has closed the 2022-2023 season in the red at 6.4 million euros, as reflected in the annual accounts published by the club. Atlético de Madrid’s losses from last season are four times lower than those recorded in 2021-2022, when they rose to 25 million euros. The results include the group’s dependent companies, such as the franchises in Canada and Mexico.

Despite decreasing its business volume by 4.8%, going from 397.9 million euros in 2021-2022 to 387.8 million euros in 2022-2023, the main reason for the economic recovery of the Cívitas Metropolitano club has been been the capital gains derived from the transfers of footballers.

During the summer market last season, Atlético de Madrid got rid of Matheus Cunha, who headed to Wolverhampton FC in exchange for fifty million euros; Renan Lodi, who went to Olympique de Marseille CF for 20.6 million euros; Yannick Carrasco, who opted for the Saudi Pro League (SPL), joining the ranks of Al-Shabab FC, for fifteen million euros, and Geoffrey Kondogbia, who also donned the jersey of the Marseille team in exchange for eight million euros. euros.

Added to the previous transfers were those of Segio Camello, who went to Rayo Vallecano for five million euros, and Ivo Grbic, to Sheffield United FC, for 2.5 million euros. These transfers resulted in capital gains (the difference between the player’s purchase price and the sale price) of 41.9 million euroscharged under the Profit and Loss heading for disposals of fixed assets.

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In parallel, Atlético de Madrid recorded revenues of 378.8 million euros last season, of which 130 million euros corresponded to the sale of audiovisual rights for the campaign, 4.2% less than in 2021-2022, although they remained the main source of income.

Furthermore, the mattress club invoiced 117.8 million euros in marketing and advertising, 19.4% more than the previous year; 78.2 million euros for his participation in competitions (63.5 million from Uefa, for his journey in the Champions League, and 11.7 million from LaLiga); 50.8 million euros from the sale of tickets and season tickets, and 1.8 million euros derived from concessional construction services.

The club kept stable the disbursement of salaries for the first team and the staff technical, as well as the derived social charges. Atlético de Madrid allocated 267.1 million euros in 2022-2023 to personnel expenses, compared to 270 million euros from the previous year. Something similar happened with the Supplies section, which despite increasing by 20%, the total disbursement was 28.6 million euros, 6.3% of the total costs.

Atlético de Madrid could have reached break even to keep stable those costs charged to the Other operating expenses heading, which went from 59.8 million euros in 2021-2022 to 72.2 million euros last season. The club does not detail the nature of these costs in its annual accounts.

Last season, the club received 1.3 million euros from four grants: one granted by the Higher Sports Council (CSD), in order to adapt the Cerro del Espino Stadium; The second derives from the 2010-2011 season, in relation to the construction of the Cívitas Metropolitano and its impact on the city, for which the club was subsidized with the fee; The third corresponds to aid regulated by the National Temporary Framework, and the fourth corresponds to aid to undertake structural improvements in its women’s division.

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The results include the financial situation as of June 30, 2023 of Atlético de Madrid SAD, as well as the dependent companies such as Atlético de Madrid International Holding, Parque Metropolitano III and Parque Metropolitano, as well as their dependent companies.

Atlético de Madrid, founded in 1903, is the only club that has managed to break the duopoly between FC Barcelona and Real Madrid in LaLiga in recent years. It is one of the historic First Division teams and eleven leagues stand out in its showcases; ten King’s Cups; two Spanish Super Cups; three Europa Leagues; three European Super Cups and one Intercontinental Cup, among others.

The team coached by Diego Pablo Cholo Simeone qualified for the round of 16 of the 2023-2024 Champions League, after passing the group stage. In the first leg against Inter Milan, the club lost by zero goals to one goal at the San Siro stadium. If the tie is reversed, Atlético de Madrid would pocket around ten million euros.

So far, the Madrid team’s European journey has translated into revenues of approximately seventy million euros. The mattress club has obtained 15.4 million for being in the group stage, 13.1 million for its victories in the group stage, 9.6 million for its passage to the second round and 31 million euros for its place in the ranking historic Uefa.

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