The Deliberative Council of Palmeiras approves the 2023 financial budget

The club raised R$839 million last season and had a surplus of R$8.5 million; The approval of the Council was unanimous

On Wednesday evening (11), the Deliberative Council of Palmeiras unanimously approved the 2023 financial statement. Of the 199 councilors present, eight accepted the document with reservations. The club’s revenue was R$839 million last season, with a surplus of R$8.5 million.

As for revenues, they were R$130 million higher than expected. Verdão raised R$37.5 million from brand licensing and franchising (R$14.8 million more than in 2022). This came about due to the launch of the club’s digital bank, Palmeiras Pay. As regards Socio Avanti, an increase of R$9 million was recorded with the values ​​of 2022, thus reaching R$58.7 million.

The emphasis was on sales of advertising signs, with R$ 26.2 million last year. The value was R$14.5 million in 2022. The reduction in sponsorships and advertising went from R$142.6 million in 2022 to R$127.1 million in 2023.

In terms of revenue for 2024, Palmeiras has a budget of R$880 million. The value of negotiations with players will be almost R$300 million. This is due to the sale of the jewel Endrick to Real Madrid, the accounting entry of which will take place when the attacker’s transfer is finalized mid-year.

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Player Sales: R$187 million;

Broadcast rights: R$182 million;

Advertising and sponsorship: R$127 million;

Awards: R$79.8 million;

Fundraising with games: R$62.9 million.

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Source: Terra

Rose

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