Pereira da Costa: Porto will fully meet UEFA financial rules | OneFootball

This morning, at the Estádio do Dragão, José Pedro Pereira da Costa, the Chief Financial Officer (CFO) of FC Porto, presented the accounts for the 2024/25 season. At the beginning of his speech, the financial head of the dragons assured that there is no reason for concern regarding UEFA's financial control.

“These results will allow us to fully comply with UEFA's financial sustainability rules and mitigate the impact of the previous year's non-compliance. I recall that we had a negative imbalance of around 50 million euros, which would have led to the signing of an agreement, placing us under the financial fair play regulations, had we not achieved this year's significant results. When we presented our case to UEFA, by stating that we would have very significant results, we convinced them not to place us under financial fair play regulations and to impose a much lighter fine compared to the other five clubs involved. Therefore, we achieved full compliance and managed to exit non-compliance without major issues. We received a fine of 750 thousand euros, already reflected in the 2024/25 accounts. This also allowed us to invest in the squad, with natural and renewed ambitions,” he stated.

“There was a strong restructuring of operational costs, around 30 million euros, with emphasis on personnel costs and the supply of external services. The approximately 40 million euros in positive net results, in association with the Ithaka business, allowed for a very relevant improvement in the asset situation, with equity at 10 million euros negative. We are not yet in positive territory, as we would like to be, but we are very close. We started from a highly unbalanced situation, with 243 million euros of surplus between current liabilities and assets, therefore with very reduced solvency, and we adjusted to about 30 million euros negative. It is normal to have this negative side; if you notice, our rivals also have it in their accounts,” he said.

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