Benfica candidate promises €400m investment if elected | OneFootball

Cristóvão Carvalho recently reiterated in a statement that financial investment is one of the pillars for the goals of Clube da Luz. The candidate is part of the group running for the Presidency of the club, with elections scheduled for October 25 - and has already announced the coach he wants to lead the team.

"In modern football, sporting greatness depends on financial robustness. Benfica must stop selling its best players to balance the books. We want a sustainable model, capable of retaining talent and investing in teams that win in Portugal and Europe", explains the lawyer.

Cristóvão Carvalho talks about an investment of 400 million euros, phased over four years: "with the aim of strengthening the professional football squad and, if necessary, ensuring financial security that balances the club's finances and propels the team towards sporting dominance. This is financing with an interest rate about 50% below the current rate".

The candidate also points out five main objectives, should he win the elections for the Presidency of Benfica: growth in the number of members by 2029; an additional 40 million euros annually in current revenues over the next two years; an additional 450 million euros in annual revenues in 4 years; placing the club in the top 10 in Europe in terms of revenues within 6 years; ensuring 700 million euros in annual revenues in 8 years.

The candidate then explained the financial restructuring he intends: "The priority will be to progressively reduce debt, decreasing annual interest expenses which currently exceed 16 million euros, refinancing under more advantageous conditions, using credit only for investments that generate returns, and freeing Benfica from the dependence on forced player sales. The club will be endowed with a solid financial base, with more revenue, controlled costs, and cleaned-up debt. In this way, Benfica will have the means to achieve the outlined sporting objectives and become a reference of sustainability in the European sports landscape".

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