As expected, there have been no surprises. Despite the fact that we live in turbulent times, Eibar has once again demonstrated its economic strength in a General Shareholders' Meeting that has been held electronically by the recommendations of the health authorities.
Following the president's annual report on the club's situation, the 2020 annual accounts, the non-financial information statements (new this year), the renewal of auditors and the delegation of powers have been presented and proposed for approval. . All questions have received almost unanimous support from the 251 shareholders who have been present or represented, representing a total of 10,983 shares, 23.77% of the total. In the second point of the agenda there were 10,850 votes in favor, in the third 10,889, in the fourth 1,0805 and in the fifth 10,799.
The budget for this year amounts to 58.4 million euros, with an expected surplus of 5.5. However, eight million from last season are transferred to the current fiscal year because seven games were played from last football season in July. Therefore, it could be said that the real figure is close to 50 million, almost three less than in the previous year (52.9).
Despite the fact that the existing comfortable financial situation has made it possible not to affect salaries or investments in future projects such as the sports city in Areitio, the armory entity has had to make cuts and acknowledges that revenues have been reduced by 10%.
All in all, the accounts offer a turnover of 47.3 million euros and a profit before tax of 12.6 kilos, compared to the 20 foreseen in the budget presented to shareholders at last year's meeting. For its part, the entity has assets worth 90.4 million euros, 16.8 more than last year, and the net worth has increased in the last year by 30% and currently reaches 66 , 5 million.
In addition, they wanted to emphasize that the economic situation in Eibar is good within the general difficulties that affect everyone. Part of the profit generated in previous years is being used to face the current situation and try to achieve a new tenure in the First Division, with the salary limit of 42.71 million covered, although sustainability is never at risk.