Sale of João Félix delivers Benfica a €100m+ profit

March 11 – Portugal’s Benfica have reported a record €104.2 million first-half profit for 2019/20, largely due to the sale of one player. Last year the club reported a profit of €14.1 million.

Portuguese forward João Félix was the reason for the uplift following his sale to Spain’s Atletico Madrid, who paid €126 million for the 20-year-old in July.

Revenues for the period were also up 94.3% to €244.3 million to achieve the club’s best ever financial performance over the six months ending 31st December.

The club’s operating income without player transfers amounted to €101.9 million, an 8.8% increase on the same period in 2018/19.

Player related revenues delivered € 137.0 million, versus €29.6 million last year.

Benfica now look on course to beat their 2018/19 financial year revenue, which saw the club bring in more than €300 million (US$338.8 million) for the first time.

Benfica’s net debt on December 31 2019 was €45.8 million – which the club say has been decreased by €189.5 million since June 2016 and is the lowest it has been in recent years.

Benfica look to be on course to surpass 2018/19 revenue, which saw the club bring in more than €300 million.

Contact the writer of this story at moc.l1716777182labto1716777182ofdlr1716777182owedi1716777182sni@n1716777182osloh1716777182cin.l1716777182uap1716777182

Latest Tweets