Osasuna ended 2023 with defeats

The audit of the intermediate states of Club Atlético Osasuna As of December 31, 2023, it shows losses of 1,088,521 euros after taxes. The data is somewhat better than initially expected, as indicated by the club in a statement, since late Ordinary Assembly A budget was presented with a forecast of 3.1 million euros of losses at the end of the year, which, transferred to December, means a loss of 1.55 million euros, more than what happened in the end.

However, the result does not take into account the movements made by the club during the winter transfer market, where the departure of Chimy Avila for 4 million fixed euros and of Adama Boiro for 2 million.

These sales will, “with absolute certainty”, ensure that the 2023-2024 fiscal year will be back on track with profits in June, ending two seasons with red numbers (2021-2022 and 2022-2023) and recover the fiscal year path to positive which means some total benefits of 25 million during the mandate of Luis Sabalza.

The income, so far, follows what the club planned with a turnover of 37.3 million. Partners, TV and advertising They behave as expected. To these revenues we must add the extraordinary ones from the transfers, which will probably raise the figure above 80 million euros, a new record in the history of the entity.

Regarding costs, personnel costs were 2% above expectations, but the departure of players in January will allow forecasts to be met. Operating costs were 7% above expectations and amortization and finance costs were in line with plans.

The December audit highlights the improvement of the working capital by 7.3 million eurosalthough it is still negative, and puts the entity’s net debt as of December 31, 2023 at 67.1 million euros, a figure that represents an increase of 5.5 million compared to June 2023 data.

This is due to The club received 12.9 million from the Impulse Plan (CVC) between June and December, which increases long-term debt. At the same time this increase occurred, the club reduced its short-term debt to banks and other entities by 7.4 million, resulting in a balance of 5.5 million more in net debt.

In any case, between January and June there will be no new charges from the Impulso Plan (CVC) and yes will continue to reduce bank debt as expected, so there will be a decrease in net debt in June.

In the 2024-2025 season, the club will receive the last 12.9 million from the Impulso Plan (CVC) between July and December, most of it will be devoted to construction of Tajonarwhich will increase the debt again.