Benfica records €100m profit from the sale of Joao Felix

 
Portuguese side Benfica has made a report of a massive record profit of €104.2m for the first half of the 2019/’20 campaign, and most of it was made from the sale of just one player as the club recorded a profit of €14.1m last year.

Portuguese teenage sensation Joao Felix was the primary reason for the increase after his sale to Spanish side Atletico Madrid who forked out a whopping €126m for the talented 20-year old forward in July 2019.

The Revenue made for the period in terms of percentage was up to 94.3% to €244.3m. This has been the club’s best financial performance for over six months for the year ended 31st December 2019.

Furthermore, there was also an increase in the same period in 2018/’19 as the club operating income [excluding player transfers] summed up to €101.9m with an 8.8% increase.

The player’s related revenues also brought about €137.0m, which was against €29.6m euros the previous year.

S.L Benfica looks set to topple their 2018/19 financial year revenue, which has seen the club made more than €300m for the first time.

The Club’s net debt as of December 31st, 2019, was €45.8m, which the club revealed it had been decreased by €189.5m since June 2016, which has been the lowest in recent years.

There won’t be any game during this weekend as games in the Primera Liga in Portugal were postponed indefinitely due to the COVID-19 Virus.

Written by: Olumide Akinnifesi