Regarding the projected budget between 2021 and 2022, the “millionaire” club reported that the result yielded a budget with 14,000 million pesos in income and 106,000 new members incorporated in the last year, a record for the institution, which now has 250,000 associates. between those of the club and the Somos River Community. In addition, in the balance of this year it is projected that there will be no debts, for which he paid off the loans from the banks and the payments of soccer players acquired from both national and foreign clubs.
On the other hand, River also highlighted that there was an increase in income of 34% over the budget for the same period and 21% in expenses, and in addition to the growth of the corporate mass, income from ticketing increased due to the large turnout of members and fans, who sold out tickets in all the games of the year at the Monumental.
Meanwhile, the numbers “closed” despite the purchase of players that were well over budget in order to maintain a competitive squad. 20.7 million dollars were invested, plus the loan additions of Leandro González Pirez, Tomás Pochettino and Ezequiel Barco, some 15 million dollars more than the budget, which was 5.7 million dollars.
As for the 2022/23 budget, there is a balanced projection of $23,010 million in income and $22,960 million in expenses, which, among other things, contemplates that the mass of partners and members of Somos River grow, continuing the trend of 2022; concert receipts of nearly $6 million; investments in the infrastructure of the club around 1,200 million pesos, additional to the work of the stadium; fewer player sales, so you won’t be relying exclusively on transfers and maintaining a highly competitive squad, which is reflected in bonus consideration.
Excluding player sales, revenues are projected to grow 80% (above the inflation used for planning) and operating expenses (excluding financial expenses and amortization) are projected to increase 69%.
Source: Ambito
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