League accounts approved, but FC Porto abstains | OneFootball

The clubs, gathered this Tuesday at the Ordinary General Assembly of the League, approved the exercise of the 2024/2025 sports season as presented by the Board and ratified the opinion of the Fiscal Council. The management recorded an operating result of 230 thousand euros and the vote ended with 25 votes in favor and two abstentions - from FC Porto and Académico de Viseu. Benfica, Rio Ave, Tondela, Nacional, U.Leiria and Lusitânia de Lourosa were not represented at the meeting.

The exercise was divided between two executive boards: the previous one, led by Pedro Proença (July 2024 to April 2025), and the current one chaired by Reinaldo Teixeira (April to June 2025). In the previous season, the result of the exercise was 2.6 million euros. The 2024/2025 exercise is the first to reflect the real impacts of the property investment in the new League headquarters building, namely the commitments associated with its financing and the overall cost.

The accounts now approved include "extraordinary income", of almost two million euros, "resulting from the exchange of land and support contracts" from the Porto City Hall, which will not be repeated.

The League's Executive Board, led by Reinaldo Teixeira, emphasized expense control and revenue enhancement, with a focus on operational efficiency. The Budget and Activity Plan for 2025/26 predicts revenues exceeding 31.8 million euros, enabling a record distribution of over 10 million euros in dividends to the Sports Societies and estimating operating results of 580 thousand euros.

Unanimously, the General Assembly approved the allocation of the positive balance from the commercial exploitation of the competitions and the allocation of the unexecuted amount to the technological support fund created in 2017, to which the Sports Societies can apply.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇵🇹 here.