Porto presented its annual balance sheet on Tuesday, with historical profits 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 at most. 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 obtained so many benefits since in the 2003-2004 season it achieved revenues of 24.8 million. Porto pointed out that in the 2019-2020 campaign the net balance of the accounts was -116.1 million euros.
The goalkeeper club explained that the transactions of its players last season yielded a positive balance of 74.8 million euros. It was due, above all, to the sale of the young squad player Fábio Silva, acquired by English Wolverhampton for 40 million euros. Porto also obtained important benefits from the sales of Alex Telles, Zé Luís or “Tiquinho” Soares. Despite the sales, the value of the workforce 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 meant income of 40,000 euros compared to 6.38 million in the 2019-2020 season, were compensated for their participation in the Champions League, in which Porto fell in the quarterfinals against Chelsea and achieved 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. Regarding television rights, in 2020-2021 they increased 13.1 million euros, to 49.2, with respect to the previous campaign and advertising and sponsorship revenue fell 5.7 million to 15.7.