Sporting C d Portugal : Operational revenue leaps in 2015/2016

Transfer of João Mário and Slimani set new transfer window record

Sporting SAD smashes sales records this August, with the most valuable sale in the history of the Portuguese League and Sporting's second biggest ever transfer seeing the club set a new high in terms of transfer revenue in a single season.

The result was made possible by a solid investment in the squad and technical staff, giving the club a stronger negotiation capacity and allowing for the agreement of television and sponsorship deals.

Sporting's net results for June 2016 were conditioned by three factors: investment in the squad and technical staff, seeing an increase in personnel costs by 23.725 million euros; the Doyen process (without which the result would have been -16.914 million euros); and not qualifying for the Champions League. The overall net result for Sporting SAD for the 2015/16 season was -31.905 million euros, compared to the 19.333 million euros for the previous period. The sales of João Mário and Islam Slimani, which totaled around 54 million euros, will only be accounted for in 2016/2017.

Additionally, the results for the period were affected by provisions for debts with banks and the early amortization of capital as part of an agreement with Novo Banco and Millennium BCP.

Operational revenue up by 10 million euros

Operational revenue increased significantly, closing at 68.750 million euros (compared to 58.382 million euros from the previous period), due largely due to increased ticket sales (14.198 million euros), television rights (24.809 million euros) and other revenue (11.366 million euros).

Transfer fees for players stood at 7.716 million euros, due largely to the transfer of Fredy Montero and Valentin Viola.

In terms of equity capital, a variation of 31.997 million euros was registered, which will be mitigated in the 2016/2017 season with the above noted transfers of João Mário and Islam Slimani. Passive debt increased by 20.796 million euros, due largely to the Doyen process.

The period has seen a dramatic improvement in sports results, which will reflect in terms of revenues. Sporting SAD is determined to create a balanced environment in which sports success can be guaranteed and revenue kept positive.