José Pedro Pereira da Costa: “We face the future with confidence” | OneFootball

José Pedro Pereira da Costa presented the financial report of FC Porto's SAD at the General Assembly of shareholders held on Tuesday morning at the Estádio do Dragão, a very positive meeting during which "all the proposals from the Board of Directors and the other Social Bodies were unanimously approved."

From the perspective of the company's financial officer, the outcome of the Assembly "reflects the positive assessment that shareholders made of this last exercise" and allows "projecting the future with confidence" at a time when "the symbiosis of positive financial and sports results is indeed a fact." "This positive financial result gives us the foundation to invest significantly, as we did in this market, and to project what is most important for FC Porto's members, which are the sporting victories," concluded José Pedro Pereira da Costa.

Confidence in the future“It was a very positive General Assembly, where we had all the proposals from the Board of Directors and the other Social Bodies approved unanimously, which reflects the positive assessment that shareholders made of this last exercise, an exercise in which we fully met the financial objectives, had the best net result ever, saw a significant improvement in the company's equity, and also underwent a financial restructuring that allowed us to keep the liabilities much more controlled, with more long-term liabilities and significantly lower financial costs. All this allows us to project the future with confidence.”

100% compliant with UEFA“These results allowed us to make a strong investment in the main football team in this last summer window and have also allowed us to meet 100% of all UEFA's financial sustainability criteria, which are very important because we depend on participation in UEFA competitions, and therefore, we want to be 100% compliant with the rules that UEFA itself determines.”

The wish of all members“This symbiosis of positive financial and sports results is indeed a fact. This last exercise was a very positive financial exercise, sportingly I would say quite below our expectations, but this positive financial result gives us the foundation to invest significantly, as we did in this market, and to project what is most important for FC Porto's members, which are the sporting victories.”

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