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Málaga CF shows a profit in the 2016/17 accounts for the third consecutive year

The Annual General Meeting today approved the accounts for 16/17, with 2’75 million in profit as at 30th June 2017, with transfers from last summer not included.

Málaga Club de Fútbol held its Annual General Meeting at midday today, in which the accounts from the past year of 2016/17 were approved, showing a profit for the Entity for the third consecutive year. A highly significant statistic considering that during the 16/17 season there were no sales of players, and the accounts do not include transfers from last summer, which occurred after 30th June.

In addition, the maintenance of the squad in the 16/17 campaign was joined by a significant investment of 15 million euros in reinforcements, and a rise in the cost of the first team from 28’3 to 34’6 million euros, a trend by all clubs motivated by the increase of LaLiga television rights. Not just the team, La Rosaleda stadium also received an injection of 1’9 million euros. An investment that served to improve the image of our stadium with the transformation of the seats, the change of the two scoreboard screens, the renewal of the pitch, home dressing room, access tunnel to the field of play and the dugouts.

During the meeting the budget for the current 17/18 year of 63’5 million was approved, where a profit of 10’62 million euros is expected, which would mean continuing and increasing the positive balance for the fourth year running.

This profit is notable, despite the fall in television revenues, due to the lower ratio of the latest League rankings, and thanks to the increase in season ticket holders, the transfers of players and the commitment by main sponsors.

Noteworthy news in regard to the financing of the works to construct the Academy, for which the El Viso land has been ceded to the Málaga CF Foundation, that will receive funds of 4.500.000 euros. An amount that will be allocated to the first phase of the Ciudad Deportiva, which has a budget of 7 million euros, and will get underway in January 2018.