Champions League takes FC Porto SAD back to profits – The Economic Journal

Champions League takes FC Porto SAD back to profits - The Economic Journal


FC Porto SAD on Thursday presented a positive result of 7,158 million euros for the first half of the 2018/19 season, which represents an improvement on the negative 23,926 million euros presented in the same period of the previous season.

FC Porto's SAD explained in a statement to the CMVM that "despite the increase in costs, operating results excluding player-passing results have increased significantly, now reaching 32,894 million euros, due to the increase in operating revenues due to the increase in revenues obtained by the participation of FC Porto in the 2018/2019 edition of the UEFA Champions League and the beginning of the accounting of the contract signed with Altice in December 2015 for the transfer of television rights.

Total liabilities, which amounted to € 397,415 million, fell by € 66,758 million, mainly due to the decrease in the overall value of the loans, which was € 59,091m lower than in June 2018.



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