Athletic have just released the accounts corresponding to the previous financial year, Jon Uriarte’s first as president of the Bilbao club. Accounts to be submitted to the approval of the delegated partners in the Assembly scheduled for next October 31. The Ibaigane entity, according to official sources, is reducing its structural deficit by 16 million, closing 2022 -23 seasons without a loss.
Athletic itself summarizes in its communication some of the most notable aspects of the management balance of the past year. In addition to the aforementioned reduction of the structural deficit and the closing without losses, those responsible for the Bilbao club emphasize that “income will increase by 9.8 million compared to the 2021-22 season, reaching 119 million euros” and that ” the club’s operating result improves by 12.5 million a season”.
The economic team of the Uriarte board also emphasized that the club’s assets reach 105.4 million euros and the treasury reaches 65.8 million. “The Athletic Club presents a budget proposal for the 2023-24 fiscal year aimed at growth, which aims to continue improving revenue (an increase of 9.4 million euros), strengthen investment in Lezama, as well as continue to reduce the structural deficit (16.6 million expected for 2023-24), Ibaigane noted.
Athletic’s operating income during the 2022-23 season is 119.1 million (9.8 million more than the previous year) and operating expenses amount to 123.8 million (3.6 million less than the previous campaign).
Source: La Verdad
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