He Oporto, a ‘King Midas’ of football with his transfers, achieved a profit of 35 million euros in the first sporting part of the 2023-24 season, driven by the sale of the Brazilian (who also has Portuguese nationality) Otavio in Al Nassr of Saudi Arabia, as reported this Monday by the Dragoes club to the Portuguese Securities Market Commission (CMVM).
In August, the Porto carried out the most expensive transfer in its history, after the sale of Brazilian media for 60 million Otaviowho, with Portuguese nationality, plays for the Portuguese national team.
This operation put the club in a positive balance, because in the same period last year I had a deficit of 9.8 million euros.
Operating income, according to data provided by Porto and excluding transfers of football players, is 108 million euros, five million more than last season, due, above all, to the income obtained from in participating in practice tests.
He Porto It is the only Portuguese club that has qualified for the round of 16 of the Champions League, which would mean an additional income of 9.6 million euros, although this amount has not yet been recorded in this balance sheet.
As of December 31, 2023 (the end of the first half of the current football season), the assets of Porto grew to 504 million euros, compared to 356.3 million in June 2023, while liabilities decreased from 532.3 to 513 million euros.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
