As Finanças do Benfica

[MMeira]

So pra ter a certeza:

Vendemos cepolinha, Darwin e afins, lucrámos 60 e tal milhoes com a Chemps, reduzimos salários... mas vamos ter que vender 7 titulares, duas paredes do estadio e adiantar receitas, certo?

[SimaoVintage]

To punch above their weight (given their relatively low revenue) is impressive, but it should be acknowledged that their business model is very reliant on two factors: (a) qualification for the Champions League; (b) large gains from player sales.

Benfica pre-tax loss in 2021/22 widened from €34m to €42m (€35m after tax), despite revenue rising €75m (80%) from €94m to club record €169m, as profit from player sales fell €46m from €88m to €42m and expenses increased €37m (17%).

Benfica normally run a sustainable business model, but they have posted losses amounting to €76m in the past two years, partly due to the pandemic. In the previous 7 years, they had accumulated €187m profit, averaging €27m a season, with their last loss coming in 2013.

Benfica €42m pre-tax loss was in stark contrast to their principal Portuguese rivals, who both posted good profits: Sporting €25m and Porto €22m. This was largely due to the impact of the deflated transfer market on player sales in 2021/22.

Benfica revenue growth driven by Champions League participation, which led to broadcasting increasing €48m (73%) from €66m to €114m, and match day, up €25m from €0.5m to €25m, due to the  return of fans to the stadium. Commercial also rose €3m (10%) from €28m to €31m.

Benfica's €169m revenue was higher than Porto €144m and Sporting €123m in 2021/22, though their relative position against Porto is basically dependent on which club does better in Europe, e.g. Benfica in 2022, Porto in 2021.

Reliance on player sales

Benfica profit from player sales fell €46m from €88m to €42m, as transfers were mainly of previously purchased players, rather than academy products.   Benfica are very reliant on player sales, earning an impressive €734m in the last decade, including €389m in the last five years. However, 2021/22 €42m profit was easily the lowest since 2013. Only meaningful sale to date this season is Yaremchuk to Club Brugge €16m.

All clubs in Portugal depend on player trading, but this is especially the case for Benfica, whose €734m profit in last 10 years was even higher than Porto €500m and Sporting €398m.  In fact, in the 10 years up to 2021, no club in Europe has generated more profit from player sales than Benfica.

Benfica have been a selling club for many years. In fact, they have only had net spend one year in the last decade (and that was just €8m in 2021). In the last five years, they made €342m player purchases, but €528m sales produced €186m net sales.

In 2021 Benfica dropped out of the Deloitte Money League with their €94m revenue a long way below 30th placed Lazio €164m, having been 23rd the previous season. This highlights that their operating revenue is far below the European elite, which is why they are a selling club.

Benfica have earned nearly €200m from European competition in the last five years, though this is less than rivals Porto €240m.  The importance of Champions League qualification to the Benfica business model cannot be over-stated, as seen by the €61m they have earned to date in this season's Champions League after qualifying for the last 16.

Benfica €31m commercial revenue is a fair bit lower than Porto €43m and similar to Sporting. Significantly this is less than the elite European clubs, six of whom generate more than €250m a year.

Benfica wage bill rose €16m (16%) from €97m to €113m, mainly due to higher bonuses for Champions League. This means that wages have shot up over €50m (87%) in just 4 years. This is much higher than Porto €83m and Sporting €67m.   However, Benfica's wages are still much lower than top clubs in the major leagues, e.g. their €95m in 2020/21 was less than a fifth of PSG €503m. This makes it fairly inevitable that their young talent will move abroad sooner or later.

Following the increase in revenue, Benfica wages to turnover ratio decreased (improved) from 103% to 66%, though still higher than Porto 57% and Sporting 55%. However, Benfica's ratio is close to its normal pre-COVID levels.

Benfica gross financial debt increased from €146m to €171m, comprising €142m bonds, €26m bank loans and €2m accrued interest. The club had been steadily reducing debt since €330m peak in 2014, but it has now risen from €100m 2 years ago, due to COVID & squad strengthening.  Despite the increase, Benfica €171m debt is a fair bit lower than Porto €280m, but higher than Sporting €158m. Miles below other leading European clubs.

Even though Benfica posted large losses in the last 2 years, the SR's model suggests that they were fine in terms of UEFA FFP, thanks to allowable deductions (infrastructure, academy, women's football & community) and adjustment for COVID losses.


https://footballeconomyv2.blogspot.com/2022/11/benfica-punch-above-their-weight.html

O problema está aqui: "However, Benfica's wages are still much lower than top clubs in the major leagues, e.g. their €95m in 2020/21 was less than a fifth of PSG €503m. This makes it fairly inevitable that their young talent will move abroad sooner or later."

Sem uma Super Liga Europeia para competir e presos em Portugal estamos condenados a nunca construir uma base duradoura.

[redglobe]

To punch above their weight (given their relatively low revenue) is impressive, but it should be acknowledged that their business model is very reliant on two factors: (a) qualification for the Champions League; (b) large gains from player sales.

Benfica pre-tax loss in 2021/22 widened from €34m to €42m (€35m after tax), despite revenue rising €75m (80%) from €94m to club record €169m, as profit from player sales fell €46m from €88m to €42m and expenses increased €37m (17%).

Benfica normally run a sustainable business model, but they have posted losses amounting to €76m in the past two years, partly due to the pandemic. In the previous 7 years, they had accumulated €187m profit, averaging €27m a season, with their last loss coming in 2013.

Benfica €42m pre-tax loss was in stark contrast to their principal Portuguese rivals, who both posted good profits: Sporting €25m and Porto €22m. This was largely due to the impact of the deflated transfer market on player sales in 2021/22.

Benfica revenue growth driven by Champions League participation, which led to broadcasting increasing €48m (73%) from €66m to €114m, and match day, up €25m from €0.5m to €25m, due to the  return of fans to the stadium. Commercial also rose €3m (10%) from €28m to €31m.

Benfica's €169m revenue was higher than Porto €144m and Sporting €123m in 2021/22, though their relative position against Porto is basically dependent on which club does better in Europe, e.g. Benfica in 2022, Porto in 2021.

Reliance on player sales

Benfica profit from player sales fell €46m from €88m to €42m, as transfers were mainly of previously purchased players, rather than academy products.   Benfica are very reliant on player sales, earning an impressive €734m in the last decade, including €389m in the last five years. However, 2021/22 €42m profit was easily the lowest since 2013. Only meaningful sale to date this season is Yaremchuk to Club Brugge €16m.

All clubs in Portugal depend on player trading, but this is especially the case for Benfica, whose €734m profit in last 10 years was even higher than Porto €500m and Sporting €398m.  In fact, in the 10 years up to 2021, no club in Europe has generated more profit from player sales than Benfica.

Benfica have been a selling club for many years. In fact, they have only had net spend one year in the last decade (and that was just €8m in 2021). In the last five years, they made €342m player purchases, but €528m sales produced €186m net sales.

In 2021 Benfica dropped out of the Deloitte Money League with their €94m revenue a long way below 30th placed Lazio €164m, having been 23rd the previous season. This highlights that their operating revenue is far below the European elite, which is why they are a selling club.

Benfica have earned nearly €200m from European competition in the last five years, though this is less than rivals Porto €240m.  The importance of Champions League qualification to the Benfica business model cannot be over-stated, as seen by the €61m they have earned to date in this season's Champions League after qualifying for the last 16.

Benfica €31m commercial revenue is a fair bit lower than Porto €43m and similar to Sporting. Significantly this is less than the elite European clubs, six of whom generate more than €250m a year.

Benfica wage bill rose €16m (16%) from €97m to €113m, mainly due to higher bonuses for Champions League. This means that wages have shot up over €50m (87%) in just 4 years. This is much higher than Porto €83m and Sporting €67m.   However, Benfica's wages are still much lower than top clubs in the major leagues, e.g. their €95m in 2020/21 was less than a fifth of PSG €503m. This makes it fairly inevitable that their young talent will move abroad sooner or later.

Following the increase in revenue, Benfica wages to turnover ratio decreased (improved) from 103% to 66%, though still higher than Porto 57% and Sporting 55%. However, Benfica's ratio is close to its normal pre-COVID levels.

Benfica gross financial debt increased from €146m to €171m, comprising €142m bonds, €26m bank loans and €2m accrued interest. The club had been steadily reducing debt since €330m peak in 2014, but it has now risen from €100m 2 years ago, due to COVID & squad strengthening.  Despite the increase, Benfica €171m debt is a fair bit lower than Porto €280m, but higher than Sporting €158m. Miles below other leading European clubs.

Even though Benfica posted large losses in the last 2 years, the SR's model suggests that they were fine in terms of UEFA FFP, thanks to allowable deductions (infrastructure, academy, women's football & community) and adjustment for COVID losses.


https://footballeconomyv2.blogspot.com/2022/11/benfica-punch-above-their-weight.html

O problema está aqui: "However, Benfica's wages are still much lower than top clubs in the major leagues, e.g. their €95m in 2020/21 was less than a fifth of PSG €503m. This makes it fairly inevitable that their young talent will move abroad sooner or later."

Sem uma Super Liga Europeia para competir e presos em Portugal estamos condenados a nunca construir uma base duradoura.

Andas neste tópico a fazer campanha pela super liga e no do emblema a falar em mexer no emblema. Já se sabe ao que vens.

Vai fazer essas experiências ali para o wc do campo grande.

[ACalixto]

O Benfica ter uma receita comercial inferior ao porto é de bradar aos céus, tendo em conta  o mercado de adeptos..

O mago das finanças DSO é absolutamente ridículo, todo este hype deriva apenas da quantidade brutal que o Benfica faz em vendas de jogadores.. Quanto ao resto apresenta prestações mínimas.

Repito, receitas comerciais abaixo do porto. Ridículo.

Bom, antes de se tecer comentários, importa ver o que são as receitas comerciais, não encontrando, relação direta nos dois relatórios de contas, tendo como único fator os números 31 M€ e 43 M€, parto do princípio, que o texto está a comparar alhos com bogalhos, pois enquanto que no R&C da Benfica Sad, existe uma referência a atividades comerciais (Pág. 150 do R&C - Rendimentos operacionais), onde estão os patrocínios, rendas de espaços no estádio, royalties e outras receitas (Não engloba as vendas na loja do Benfica de cachecóis e outros produtos, porque essas, estão no R&C do Benfica clube, assim como as visitas ao estádio), no R&C da Porto Sad, obriga a analisar, assim para chegar a ao núemro de 43 M€, estes rendimentos englobam além dos patrocínios, as receitas de merchadising e as visitas ao museu e estádio, que no Benfica, estão incluídas no R&C do clube, no porto importa destaca, sim que neste momento têm uma receita maior ao nível dos patrocinadores, não é alheio o patrocínio da Binance.

Mas, no total de rendimentos operacionais, a Benfica, SAD, tem 169,33 Milhões de euros vs 143,78 milhões de euros da Porto Sad

[Adrian31]

quando venho a este tópico ver o que dizem sobre a cedência do ota a venda de António silva e do Gonçalo ramos a antecipação de receitas a venda da estátua do Eusébio e o caralho a quatro até se me arrepia um testículo!

[Jonimane]

O Benfica ter uma receita comercial inferior ao porto é de bradar aos céus, tendo em conta  o mercado de adeptos..

O mago das finanças DSO é absolutamente ridículo, todo este hype deriva apenas da quantidade brutal que o Benfica faz em vendas de jogadores.. Quanto ao resto apresenta prestações mínimas.

Repito, receitas comerciais abaixo do porto. Ridículo.

Estes números também valem o que valem...
Seria bom perceber de onde vem essa "commercial revenue" do Porto e pelo que é constituida.
Não consigo pensar como é que há um clube em PT que consiga vender mais do que nós o quer que seja. Muito menos numa diferença de 12M€

Se for para assumir que são numeros ficticios então não vale a pena analisar nada

Não é assumir números ficticios, mas sim, haver critérios de contabilização diferentes.

Edit:
ou adiantamento de verbas. se o porto adiantou algum contrato, é normal a rubrica subir..

[lonstrup]

To punch above their weight (given their relatively low revenue) is impressive, but it should be acknowledged that their business model is very reliant on two factors: (a) qualification for the Champions League; (b) large gains from player sales.

Benfica pre-tax loss in 2021/22 widened from €34m to €42m (€35m after tax), despite revenue rising €75m (80%) from €94m to club record €169m, as profit from player sales fell €46m from €88m to €42m and expenses increased €37m (17%).

Benfica normally run a sustainable business model, but they have posted losses amounting to €76m in the past two years, partly due to the pandemic. In the previous 7 years, they had accumulated €187m profit, averaging €27m a season, with their last loss coming in 2013.

Benfica €42m pre-tax loss was in stark contrast to their principal Portuguese rivals, who both posted good profits: Sporting €25m and Porto €22m. This was largely due to the impact of the deflated transfer market on player sales in 2021/22.

Benfica revenue growth driven by Champions League participation, which led to broadcasting increasing €48m (73%) from €66m to €114m, and match day, up €25m from €0.5m to €25m, due to the  return of fans to the stadium. Commercial also rose €3m (10%) from €28m to €31m.

Benfica's €169m revenue was higher than Porto €144m and Sporting €123m in 2021/22, though their relative position against Porto is basically dependent on which club does better in Europe, e.g. Benfica in 2022, Porto in 2021.

Reliance on player sales

Benfica profit from player sales fell €46m from €88m to €42m, as transfers were mainly of previously purchased players, rather than academy products.   Benfica are very reliant on player sales, earning an impressive €734m in the last decade, including €389m in the last five years. However, 2021/22 €42m profit was easily the lowest since 2013. Only meaningful sale to date this season is Yaremchuk to Club Brugge €16m.

All clubs in Portugal depend on player trading, but this is especially the case for Benfica, whose €734m profit in last 10 years was even higher than Porto €500m and Sporting €398m.  In fact, in the 10 years up to 2021, no club in Europe has generated more profit from player sales than Benfica.

Benfica have been a selling club for many years. In fact, they have only had net spend one year in the last decade (and that was just €8m in 2021). In the last five years, they made €342m player purchases, but €528m sales produced €186m net sales.

In 2021 Benfica dropped out of the Deloitte Money League with their €94m revenue a long way below 30th placed Lazio €164m, having been 23rd the previous season. This highlights that their operating revenue is far below the European elite, which is why they are a selling club.

Benfica have earned nearly €200m from European competition in the last five years, though this is less than rivals Porto €240m.  The importance of Champions League qualification to the Benfica business model cannot be over-stated, as seen by the €61m they have earned to date in this season's Champions League after qualifying for the last 16.

Benfica €31m commercial revenue is a fair bit lower than Porto €43m and similar to Sporting. Significantly this is less than the elite European clubs, six of whom generate more than €250m a year.

Benfica wage bill rose €16m (16%) from €97m to €113m, mainly due to higher bonuses for Champions League. This means that wages have shot up over €50m (87%) in just 4 years. This is much higher than Porto €83m and Sporting €67m.   However, Benfica's wages are still much lower than top clubs in the major leagues, e.g. their €95m in 2020/21 was less than a fifth of PSG €503m. This makes it fairly inevitable that their young talent will move abroad sooner or later.

Following the increase in revenue, Benfica wages to turnover ratio decreased (improved) from 103% to 66%, though still higher than Porto 57% and Sporting 55%. However, Benfica's ratio is close to its normal pre-COVID levels.

Benfica gross financial debt increased from €146m to €171m, comprising €142m bonds, €26m bank loans and €2m accrued interest. The club had been steadily reducing debt since €330m peak in 2014, but it has now risen from €100m 2 years ago, due to COVID & squad strengthening.  Despite the increase, Benfica €171m debt is a fair bit lower than Porto €280m, but higher than Sporting €158m. Miles below other leading European clubs.

Even though Benfica posted large losses in the last 2 years, the SR's model suggests that they were fine in terms of UEFA FFP, thanks to allowable deductions (infrastructure, academy, women's football & community) and adjustment for COVID losses.


https://footballeconomyv2.blogspot.com/2022/11/benfica-punch-above-their-weight.html

O problema está aqui: "However, Benfica's wages are still much lower than top clubs in the major leagues, e.g. their €95m in 2020/21 was less than a fifth of PSG €503m. This makes it fairly inevitable that their young talent will move abroad sooner or later."

Sem uma Super Liga Europeia para competir e presos em Portugal estamos condenados a nunca construir uma base duradoura.

Eu creio que a tua declaração do segundo parágrafo não faz sentido, porque parte de pressupostos que não fazem sentido quando confrontados com a realidade.

Sobre a venda de jogadores: Exitem duas razões para vender jogadores

a) o mercado a funcionar, outros clubes oferecem melhores condições que nós, e os jogadores seguem o seu caminho. Perdemos jogadores assim, mas este é exactamente o mesmo método que usamos para ir buscar os nossos cromos novos. É o mercado a funcionar para todos.

b) a tua gestão é deficitária ( os proveitos não cobrem as despesas) e precisas de realizar dinheiro para tapar os buracos que abriste.

A solução não passa por lutar contra o ponto a, mas passa por lutar contra o ponto b.
A Superliga não tem nada que ver com o assunto.

Relativamente às receitas da Superliga. Podes terais receitas, mas também os grandes clubes vão ter mais receitas. Aliás, são esses mesmos clubes que já recebemos que recebem, que precisam de receber ainda mais para sobriver.

Portanto a Superliga nunca irá fazer diminuir o fosso entre os mais ricos e mais pobres, quandomuito pode até aprofundar (que é a razão de criação da Superliga)

Portanto, podemos fazer de conta que somos dom Quixote e vender a ilusão que a Superliga nos ajuda a derrotar o mercado.

Ou podemos ser sérios, e perceber que o mercado funciona desta maneira, e que podemos tentar fazer melhor na gestão e nos outros aspectos da sustentabilidade e competitividade da sociedade.

[nuno16577]

Temos umas finanças TOP, Temos o Mago das finanças e

MESMO DEPOIS DISTO TEMOS QUE VENDER.

PARA O REAL CARALHINHO SR MAGO DAS FINANÇAS, QUALQUER BURRO COM OS OLHOS TAPADOS FAZIA MELHOR, A GANHAR UM FARDO DE PALHA.

[ff77]

Temos umas finanças TOP, Temos o Mago das finanças e

MESMO DEPOIS DISTO TEMOS QUE VENDER.

PARA O REAL CARALHINHO SR MAGO DAS FINANÇAS, QUALQUER BURRO COM OS OLHOS TAPADOS FAZIA MELHOR, A GANHAR UM FARDO DE PALHA.

Típica crítica desprovida de sentido e conhecimento. Mas é isto que a malta gosta insultar sem perceber nada.

[Cob92]

Temos umas finanças TOP, Temos o Mago das finanças e

MESMO DEPOIS DISTO TEMOS QUE VENDER.

PARA O REAL CARALHINHO SR MAGO DAS FINANÇAS, QUALQUER BURRO COM OS OLHOS TAPADOS FAZIA MELHOR, A GANHAR UM FARDO DE PALHA.

Típica crítica desprovida de sentido e conhecimento. Mas é isto que a malta gosta insultar sem perceber nada.

Verdade seja dita depois de uma decada inteira a vender tudo e todos e fazer mais de Mil Milhoes em vendas se o Benfica ainda precisar de vender algo Nao esta bem.

È um facto.

[carvalho0407]

o gestor financeiro ainda la esta, qual a surpresa?

[nuno16577]

Temos umas finanças TOP, Temos o Mago das finanças e

MESMO DEPOIS DISTO TEMOS QUE VENDER.

PARA O REAL CARALHINHO SR MAGO DAS FINANÇAS, QUALQUER BURRO COM OS OLHOS TAPADOS FAZIA MELHOR, A GANHAR UM FARDO DE PALHA.

Típica crítica desprovida de sentido e conhecimento. Mas é isto que a malta gosta insultar sem perceber nada.

Verdade seja dita depois de uma decada inteira a vender tudo e todos e fazer mais de Mil Milhoes em vendas se o Benfica ainda precisar de vender algo Nao esta bem.

È um facto.

Mais de mil milhões em vendas
400M direitos televisivos
25M ano em bilhetica , dito pelo sr DSO
Não sei quantos milhões em patrocínios
Não sei quantos milhoes Em merchandising
Não quantos milhoes Em prémios da UEFA

E depois ainda dizem que é crítica sem saber......

[ff77]

Temos umas finanças TOP, Temos o Mago das finanças e

MESMO DEPOIS DISTO TEMOS QUE VENDER.

PARA O REAL CARALHINHO SR MAGO DAS FINANÇAS, QUALQUER BURRO COM OS OLHOS TAPADOS FAZIA MELHOR, A GANHAR UM FARDO DE PALHA.

Típica crítica desprovida de sentido e conhecimento. Mas é isto que a malta gosta insultar sem perceber nada.

Verdade seja dita depois de uma decada inteira a vender tudo e todos e fazer mais de Mil Milhoes em vendas se o Benfica ainda precisar de vender algo Nao esta bem.

È um facto.

Mais de mil milhões em vendas
400M direitos televisivos
25M ano em bilhetica , dito pelo sr DSO
Não sei quantos milhões em patrocínios
Não sei quantos milhoes Em merchandising
Não quantos milhoes Em prémios da UEFA

E depois ainda dizem que é crítica sem saber......

Quanto é a massa salarial do Benfica de jogadores de futebol profissional?
Quanto é a massa salarial do resto da SAD incluindo a BTV que todos os anos aumenta pessoas?
Qual a nossa restante estrutura de custos?

Não o defendo, mas na função financeira, o que destes casos dependem do financeiro?
São erros de gestão, da qual ele faz parte, mas outros também.

[lonstrup]

Temos umas finanças TOP, Temos o Mago das finanças e

MESMO DEPOIS DISTO TEMOS QUE VENDER.

PARA O REAL CARALHINHO SR MAGO DAS FINANÇAS, QUALQUER BURRO COM OS OLHOS TAPADOS FAZIA MELHOR, A GANHAR UM FARDO DE PALHA.

Típica crítica desprovida de sentido e conhecimento. Mas é isto que a malta gosta insultar sem perceber nada.

Verdade seja dita depois de uma decada inteira a vender tudo e todos e fazer mais de Mil Milhoes em vendas se o Benfica ainda precisar de vender algo Nao esta bem.

È um facto.

o que prova que o problema do Benfica não é de receitas, mas é de gestão.

[lonstrup]

Temos umas finanças TOP, Temos o Mago das finanças e

MESMO DEPOIS DISTO TEMOS QUE VENDER.

PARA O REAL CARALHINHO SR MAGO DAS FINANÇAS, QUALQUER BURRO COM OS OLHOS TAPADOS FAZIA MELHOR, A GANHAR UM FARDO DE PALHA.

Típica crítica desprovida de sentido e conhecimento. Mas é isto que a malta gosta insultar sem perceber nada.

Verdade seja dita depois de uma decada inteira a vender tudo e todos e fazer mais de Mil Milhoes em vendas se o Benfica ainda precisar de vender algo Nao esta bem.

È um facto.

Mais de mil milhões em vendas
400M direitos televisivos
25M ano em bilhetica , dito pelo sr DSO
Não sei quantos milhões em patrocínios
Não sei quantos milhoes Em merchandising
Não quantos milhoes Em prémios da UEFA

E depois ainda dizem que é crítica sem saber......

Quanto é a massa salarial do Benfica de jogadores de futebol profissional?
Quanto é a massa salarial do resto da SAD incluindo a BTV que todos os anos aumenta pessoas?
Qual a nossa restante estrutura de custos?

Não o defendo, mas na função financeira, o que destes casos dependem do financeiro?
São erros de gestão, da qual ele faz parte, mas outros também.

e como é óbvio já deu para entender que a política do formar para vender é uma treta, e nunca irá resolver nada. Aliás só existe para gerar comissões e circulação de dinheiro