The positive balance of Porto’s economy allows it to set a higher salary cap that will benefit the Mexican Jesús Corona, in contrast to the aspiration that Héctor Herrera had a few years ago
Porto, which has Tecatito Corona in its ranks, presented its annual balance sheet, with historic gains in the 2020-2021 campaign of 33.4 million euros, and its president, Pinto da Costa, made it clear that the salary limit for the club’s footballers will be 6 million euros per year per player maximum.
He recalled the case of Mexican Héctor Herrera, who left the club two seasons ago for Atlético de Madrid, after the ‘dragons’ did not want to overcome that salary barrier.
This is the most positive economic result in the history of the club, which has never received so many benefits since it reached a revenue of 24.8 million in the 2003-2004 season.
Porto pointed out that in the 2019-2020 campaign, the net balance of the accounts was -116.1 million euros.
The goalkeeping club explained that the transactions of their players last season yielded a positive balance of 74.8 million euros.
It was mainly thanks to the sale of the young team player Fábio Silva, bought by English Wolverhampton for 40 million euros.
The Porto also gained significant benefits with the sale of Alex Telles, Zé Luís or “Tiquinho” Soares.
Despite the sale, the value of the staff was revalued by 34 million euros, from 76 (2019-2020) to 110.
The collapse of ticket sales in the 2020-2021 season due to the pandemic, which means revenue of 40,000 euros compared to 6.38 million in the 2019-2020 season, was compensated by their participation in the Champions League, in which Porto fell in ‘ the quarter-final against Chelsea and reached revenues of 73.7 million.
In the previous season (2019-2020), his time in Europe had an income of 10 million, since he played in the Europa League.
As far as television rights are concerned, they increased 13.1 million euros in 2020-2021, to 49.2, compared to the previous campaign and advertising and sponsorship revenue dropped 5.7 million, to 15.7.