Valencia's net debt is 340 million euros

Despite numerous player sales last summer, Valencia's accounts are still very delicate. In absolute terms, the net financial debt that the club will present tomorrow at the Shareholders' Meeting is 340.8 million euros, an amount significantly lower than the one presented last year (357.1 million) due to the payment of 18.3 million to Bankia and Caixabank, between outstanding capital and interest, but still very high. From this game, 145.5 million correspond to debt with other sports entities and intermediaries.

Likewise, the losses for the 2019-20 season are estimated at eight million euros. Of course, some of the amounts entered in the transfer chapter this summer have not been accounted for, to occur beyond June 30, and will do so in the coming year. Since Meriton came to the club in 2014, In all seasons the company has shown losses except in 2018-19, in which there were earnings of 1.3 million, although in that course, just one day before the closing of accounts, Valencia and Barça adjusted a change of Cillessen-Neto cards for 35 million that balanced balances for both.

For In the 2020-21 season, Valencia will present a drastic reduction in the budget from the previous season, by not playing European competitions. Of the 183.7 million that were budgeted in the 2019-20 academic year, it goes to 118.9 in the 2020-21, a 35.3% decrease. The revenue item that produced the greatest decrease is that of competitions, which fell from 66.2 million to only 2.3. The cost (salary and amortization) of the first staff will be 125.6 million euros.

In addition, one of the concepts that has attracted the most attention by dangerous is that of the working capital. The normal thing is that football clubs always have a negative working capital but in this case that of Valencia has shot up to -163.6 million which hinders the management and payments in the day to day of the entity. Already with the payment of the proportional part of the players' chips, in August, the club had to turn to an external funding agency to guarantee liquidity in order to pay the footballers.