Málaga Club de Fútbol held its Ordinary General Meeting today, where as part of the agenda, the accounts of 2015/16 were approved, as well as the budget for the current 2016/17 season. A Meeting in which Presidential adviser, Carlos Pérez was in attendance – representing the major shareholder, NAS Football S.L.-, along with Club adviser, Francisco Martín Aguilar; head of the Club’s Legal Services, Joaquín Jofre; and a representation of the minority shareholders.
The last fiscal year, 2015/16 ended with a positive balance, brought about by a profit of 19.8 million euros after tax; mainly due to the increase in television rights and the sale of players. An amount that has led to a reduction in the net debt of close to 12 million euros. In regard to investment, first team asset investment has increased by more than 6 million euros compared to the previous year.
Another point to take into account at this General Meeting is the confirmation that there are no outstanding debts with the first team, nor with the Tax Office or with other clubs.
A balance where perhaps one of the highlights is that currently, the Club’s revenue – 51.9 million euros for the 2015/16 season, without counting the sale of players – is well above the net debt, 24.7million, which for the first time in years represents a stable growth for the entity.
A growth that this year, 2016/17, puts Málaga Club de Fútbol’s budget at 69.12 million euros, with a new increase in the assets of the first team. An intangible heritage of young and promising players who lay the foundation for the future.
