Villas-Boas Offers Interest-Free Loan to FC Porto SAD: A Game-Changer for the Club’s Financial Strategy

Villas-Boas Offers Interest-Free Loan to FC Porto SAD: A Game-Changer for the Club’s Financial Strategy

In the detail of the nominal value of loans classified as liabilities on June 30, 2024, expressed in the results communicated today to the Securities Market Commission (CMVM), this operation by the leader of the ‘dragons’, who took office on June 28, appears. May.

In another section of the ‘blue and white’ SAD report and accounts, it is possible to see that Villas-Boas maintained at the end of June the same 54,269 shares in the company that he held on the day he was inaugurated, while former president Jorge Nuno Pinto da Costa had 354,483 (6.5 times more).

The remunerations awarded during the year to the directors of FC Porto SAD totaled almost two million euros (1,942,641 euros).

Of these, the team led by Villas-Boas received, in just over a month in office (May 28 to June 30), 48,946 euros, with the president not receiving any remuneration, after having abdicated it, and with the ‘slice of lion’ to the financial administrator José Pedro Costa (35,133 euros).

The administration led by Pinto da Costa earned, between July 1, 2023 and May 28, 2024 (11 months), the period during which he held office, 1,893,695 euros.

The former president received 628,052 euros, Adelino Caldeira (legal administrator) and Fernando Gomes (financial administrator) each earned 356,550 euros, and Luís Gonçalves and Vítor Baía raised 274,772 euros.

FC Porto SAD recorded a negative net result of 21 million euros (ME) in the 2023/24 season, which compares to the loss of 48 ME in the previous year.

Despite the significant reduction in losses, which fell by 27 ME, this is the second consecutive season of negative results for FC Porto SAD, after two positive years: 19.3 ME in 2020/21 and 20.8 ME in 2021/ 22.

Read Also: FC Porto SAD with a loss of 21 million euros in the 2023/24 season

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* Study by e Netsonda, Nov. and ten. 2023 product of the year – pt.com


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