Real Betis It will show losses of 38.2 million euros in the accounts for the 2021/22 season which it will submit to its shareholders for approval inThe General Meeting on December 15. Last season, losses were already at 36.7 million, so the Verdiblanco club is in the process of dissolution, which it avoids because it is still following bankruptcy. The club has made a four-year strategic plan that envisages an increase in ordinary income and the sale of soccer players to balance the accounts. These sales of soccer players to generate capital gains are meant to begin in the next winter market, or before June 30, 2023, at the most.
“On June 30, 2022, the Company shows a negative net amount of 70,012,646 euros (Negative net amount of 31,313,589 euros since June 30, 2021) as a result of losses incurred in the year ended June 30, 2022, amounting to of 30, 2022, euros derived, among other aspects, from the effects on the football industry of the COVID-19, which led to a significant reduction in the number and volume of player transfers,” it said in explanation of accounts with bético club shareholders.
One of the immediate measures they want to implement is the sale of soccer players after the World Cup, as stated in the report: “As a result of the effects of this pandemic, in the year ending June 30, 2022, the Company will has been affected by the decrease in revenue per match day (season ticket holders, ticket offices and others) due to the restriction of public access to sports stadiums, in addition to suffering a significant impact due to the decrease of player purchase and sale transactions and the prices of said transactions for the season, which greatly affects the capital gains that the Company obtains over the years for them. The Directors of the Company have adopted other various measures to mitigate the effects of this reduction in the Company’s activity which include, among others, the following: Procedures to make the sale of merchandise effective ro in the winter market, when the month is over. World Cup taking place in Qatar or, if possible and the market allows it, before the end of the financial year on June 30, 2023”, it was said in the report of accounts published on the club’s website.
Source: La Verdad
I am Shawn Partain, a journalist and content creator working for the Today Times Live. I specialize in sports journalism, writing articles that cover major sporting events and news stories. With a passion for storytelling and an eye for detail, I strive to be accurate and insightful in my work.
