He Real Betis has formally announced this Friday the official call of the Ordinary and Extraordinary General Meeting of Shareholders that will be held on first call starting at 6:00 p.m. on December 17 and, a priori, the current board of directors will attend this meeting with much more tranquility than in previous years although without launching bells into the air. What’s more, although the great news that the entity will announce in the economic aspect is the elimination of economic uncertainty that weighed like a slab in the two previous exercises, an achievement in which it is vitally important to maintain a line that is based on three big measures: cost containmentto avoid the risks of not qualifying for Europe or not raising the expected money in transfers; the bet on the quarryas a sporting but also financial support in the medium-term future; and the purchase of assets focused on a salewith young players who offer sporting performance but, above all, leave capital gains with their subsequent departures to other clubs.
Positive results for the second consecutive year: Betis breathes
The board of directors of the Heliopolitan club is pleased to be able to present positive results for the second consecutive year. These figures are meager, from 170,000 in 2023 to 321.000 euros in 2024. However, more than the quantity, what gives Betis managers peace of mind is the fact of having escaped a general situation of economic crisis that is hitting practically all Spanish clubs due to the drastic effects that had the period of the COVID pandemic, a context that sharply reduced income. Along these lines, it should be noted that the result for the 2021/2022 financial year had a negative balance of 38 million euros.
Another positive fact, within the containment, is that the thirteen bars club increasingly depends less on income from television rightsa stagnant appearance in recent years despite four consecutive continental classifications. In fact, this season Betis will earn 68.15 million, three less than the previous year and almost the same amount as five years ago. In anticipation of this, we are working with the idea that this concept should not be more than 30% of income. Today it is at 46%, very far from the dependent figures of not so long ago.
It is the only aspect that does not go up. but it is offset by an increase in ordinary income (ticketing, commercial area and own TV), supply and player sales, which has risen to 43.5 million net. On the other side of the scale, there are pending amortizations (25.6 million) and an increase in personnel spending due to the pending postponements with many players since the COVID stage, when expenses had to be reduced quickly.
Betis, forced to reach the semifinals of the Conference League
In this financial comeback, a reason for satisfaction contained within a slogan of necessary austerity, there have been determinants are debt refinancing, loans requested under comfortable conditions and the capital increase maneuver. These actions allow Betis’ accounts to breathe, they have been highly valued by the financial reports resulting from the external audits commissioned and have conveyed a lot of peace of mind to investors. In this way, after doubling the share capital and balancing the total balance of the corrected net worth with the CVC fund, Betis will present a estimated budget of about 185 million euros in income and more or less an identical amount in expenses.
Yes indeed, An estimate of transfers is already included in these accounts (about 25 million per year on average) and, above all, a calculation that estimates that Manuel Pellegrini’s team must reach at least the semifinals of the UEFA Europa Conference League, which would give 15.76 million euros already projected. If you don’t get into the ‘Top 4’, each round less than you reach will have a negative impact of around a million and a half euros. It is not so much that the accounts are out of balance, but that item would have to be taken from somewhere else. By coefficient it is the place that corresponds to it, on the field it must greatly improve what was offered in the first three matches of the Group Phase (four points out of nine). Regarding sports income from national competitions, they remain at 4.16 million (still far from the 6 on average to which they seek to return) and season tickets report 20.68 million (in 2018 that amount was only 9 ).