Sevilla finances improve as pre-June cash target drops to 4 million | OneFootball

Sevilla have sharply cut costs and face crucial months to ease financial pressure, with around 4 million needed before 30 June to avoid a loss.

Club president José María del Nido Carrasco said net debt has fallen to 60 million euros, with projected losses trimmed to 4 million. He added the figure dropped from 90 million in three months, reflecting progress over the summer.

Current squad costs are about 72 million euros, roughly 50 million for players still in the team and 22 million tied to departures whose wages still bite. Last year the wage bill hit 193 million and total operating expenses were 265 million, now about 135 million, a year-on-year cut of roughly 130 million.

Debt remains a major issue. Sevilla hold two Goldman Sachs loans totalling 180 million euros, one of 110 and another of 70, both over 10 years. Without that financing the club would currently be in administration.

To close the gap, the club are working on Fabio Cardoso’s exit in the coming weeks and seeking a new sponsor. The salary margin is virtually gone after the last window, so no free-agent signings are expected even if the defender leaves.

A future capital increase is viewed as the structural fix, with between 80 and 120 million needed to ease reliance on player sales. European qualification would trim by about 20 million the amount required to hit break-even before the financial year ends.

Source: La Colina De Nervion

“Artificial intelligence was used to assist in creating this article based on reporting from the original source quoted.”