The general meeting of shareholders of Real Betis this Thursday approved the accounts for the 2021/22 season, with losses of more than 38 million euros, and the budget for the current year, very strict, with an expected income of 157 million and a partial surplus of 200,000 euros.
The assembly approved the accounts with 64.5% of the capital in favor, 34.5% statements against and 1% abstentions, while the budgets were approved with 64.7% favorable votes, a rejection of 23.2% and 12.1% abstentions.
José María Pagola, director assigned to the economic area, admitted before the meeting that “the results of the year are negative” because the “loss of 38.2 million euros” was registered, an amount that “together is less : 38, 33”.
Pagola launched “a message of calm” based on the data as on June 30 the club had a “record for income without capital gains from player sales”, as they “exceeded 125 million” after of the transfer of soccer players has “declined. a lot”.
After alerting an intervening shareholder that Betis’ debt will be around 300 million euros at the end of next year, the leader pointed out that “the important thing is that the net debt is 106 million euros”, although the sum of the necessary payment Currently. exceed 220.
The president of Real Betis, Ángel Haro, admitted in his management report that “the accounts are bad for the second consecutive year”, since last year it caused losses of 36.5 million euros, and he is “absolutely that it knows”, which is responsible for the task of “finding solutions”.
Haro recalled that “Betis is a Sports Public Limited Company, that ‘D’ is what makes it a different company from the others. Despite showing negative funds, the value of the players, the stadium and the brand are not stop the rise” for having “made relevant decisions to not sell” soccer players.
“If we did this, our accounts would be better, but the sporting success is not what we have. . Copa del Rey Champion “added the president of Verdiblanco.
This General Shareholders’ Meeting was attended by 77,089 shares, of which 11,855 were present in the room and 53,326 were represented, while 11,908 voted electronically the previous day.
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.
