League accounts approved, but FC Porto abstains | OneFootball

The clubs, gathered this Tuesday in the Ordinary General Assembly of the League, approved the exercise of the 2024/2025 sports season as presented by the Management and ratified the opinion of the Fiscal Council. The management recorded an operational 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 presided over 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 capital investment in the new headquarters building of the League, namely the commitments associated with its financing and overall cost.

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

The Executive Board of the League, led by Reinaldo Teixeira, emphasized cost control and revenue enhancement, focusing on operational efficiency. The Budget and Activity Plan for 2025/26 forecasts revenues exceeding 31.8 million euros, enabling a record distribution of more than 10 million euros in dividends to the Sports Societies and estimating operational results of 580 thousand euros.

Unanimously, the General Assembly approved the allocation of the positive balance from the commercial exploitation of competitions and the allocation of the unexecuted funds 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.