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It was last Monday that Sporting released the report and the balance of the SAD, referring to the first quarter of the year of the 2020/2021 season, with a negative net result of 4.2 million euros. In an interview with Antena 1, the vice president of the lions, Francisco Salgado Zenha, head of the financial area, considered the negative balance to be natural in the face of the current pandemic context.
“It would be difficult not to have negative results given the current context, in the midst of a pandemic, with a dramatic impact on revenue lines”, explained Francisco Salgado Zenha, finding the main factor for the red accounts in the market:
“What had the negative effect to create this result was mainly the transfer market, and the pandemic also had an impact on the market. It is certain that there was some resilience in the value of the asset, in the passage of the player. We managed, for example, in the case of Wendel and Acuña, to sell with values within the market, and for this we consider good sales, especially considering the context. However, what we heard was that there was necessarily a lower volume of transfers which impacted other potential sales that we might have gotten. Portugal is a seller market and Sporting in particular is a seller. And these stories reflect that. “
The truth is that, despite all the constraints of the pandemic, Sporting leads the championship alone. Something that, from a financial point of view, does not have an immediate impact.
«It is highly penalizing to have such a positive start to the year from a sporting point of view and not being able to exploit it. If it already was, and if we already have the break we have – let’s talk about 5 million in the quarter – and compare a quarter where, in the same period, we are much better than we were, imagine now if we could translate this effect, this positive wave in football “, complains Salgado Zenha, speaking of a decline that will always be around 25 percent:” We already have a decline of 5 million on an annual basis, in a year when we were not as well as now. I do not want to make the sign of the cross, it is always difficult to extrapolate the behavior of the consumer, of the sports-linguist, but it would not be difficult to recognize that it could reach a further 25 percent ».
Wage bill: “In two years we have reduced by about 18 million euros. We will continue to make an effort to rebalance the squad, but I think the great effort we wanted has already been achieved “
Public Accounts: “The various judicial events do not pay in favor of football and this reinforces the importance of clubs publishing their financial results more frequently. We have nothing to hide. “
Investment: “We want to avoid having experienced players who make a lot of money and therefore are reserves for the main team. It never made sense. We have the training, these are the ones who try to grow ».
Impact on rivals: “This pandemic situation damages us and, even in equivalent terms, more than the others because, a year ago, we were not as well as we are now from a sporting point of view ».
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