A year without Marcelino

One year has passed since Marcelino García Toral's dismissal. The causes or justifications for the decision were already discussed by the parties. Marcelino emphasized that “the trigger for my dismissal was having won the cup“, competition that Peter lim urged him to 'shoot' in January, while Anil Murthy argued “loss of confidence” and also that Marcelino's challenge to the club was “unacceptable”. But the Asturian was alone the first piece of the demolition of a champion Valencia, which continued with Mateu Alemany and with bastions of that team as Garay, Parejo, Coquelin or Rodrigo.

Anil Murthy He said recently, in reference to the economic situation of European clubs, that “with or without a pandemic, the model of recent years was unsustainable.” The president did it in global terms, although that is what Lim thinks happens in his club. Meriton Holdings points to the sports / economic policy of the Alemany-Marcelino era as the cause of the accounting problems that the entity has today, directing glances to template cost, which in 2016 (before the arrival of the Balearic and the Asturian) amounted to € 127.4M and that in 2019 it reached € 168M (24% more). Now the club is striving to halve this game, which is why Gracia has seen eight players leave and, to this day, does not have any reinforcement.

Meriton's approach avoids the consequences of his demolition and also of his subsequent management, portrayed with Valencia staying out of Europe. But above all omits the revenue obtained by Alemany and Marcelino with this increase in staff cost. Thus, Valencia recorded in its income statement for 2016/2017 some ordinary income of € 101M (The proceeds from the sale of footballers are not included in this section), Amount that at the end of the 2018/2019 academic year reached € 182.6M (44.6% more).

We talk about the income the club receives for competitions (from € 6M to € 66.2M), advertising (from 11.2 to 18), subscribers / ticket office (from 11.8 to 14.4), sale of official products (from 4 to 7) and television rights (from 67.3 to 78). Such increases are directly linked to the sporting successes achieved: two years participating in the Champions League and a title 11 years later; some successes achieved by the management of the workforce and the competitiveness of the same. Also, players like Gayà, Kondogbia, Carlos Soler, Parejo, Rodrigo, Wass, Jaume, Coquelin or Diakhaby reached their highest market value in June 2019, according to Transfermarkt.

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INCOME STATEMENT

SEASONS 16/17 17/18 18/19 19/20 Variation *

TV revenue 67.3 65'5 78 83.5 + 13%

By Competitions 6 7.2 66.2 63.2 + 90%

By subscribers / box office 11.8 11.4 14.4 14.4 + 18%

For sale stores 4 4.5 6 7 + 33%

By sponsorships 11.9 16.6 18 15.2 + 35%

Template cost 127.4 128.5 168 155.9 + 24%

(Source: Valencia CF SAD Consolidated Annual Accounts)

*% Variation between 16/17 and 18/19 (19/20 figures are budget).