According to the report called “Scorched Earth”, the club carries a liability of around $7 billion per month Y losses of $100 million in the same period of time.
From it it can be deduced that it also registers debts with players, coaching staff, clubs and even a Chinese supermarket. “If this were a movie, the title would be ‘Scorched Earth’“, summarized the current president of the club.
Beyond the difficult economic reality that the Avellaneda club is going through, and the bad football moment, the report states that it entails a monthly operating deficit of $102 million, a figure that is far from being “scorched earth” for a sports institution in Argentina.
As happens every time a new management is assumed at the head of an institution, the review of the financial situation seeks to expose to the partner and the fans where it starts from. On the one hand, this allows us to offer an overview of current affairs. On the other, it functions as a possible umbrella for any subsequent questioning.
In the case of Independiente, it is worth asking if this last option predominates over the previous one. This doubt arises mainly because the exposed result and above all the debts could be considered as normal part of the flow of operations that a club like “Red” can have.
During his last assembly as president of the club, Moyano approved the 2021-2022 balance sheet, in which it is stated that the level of liabilities as of June 2022 reached $4,594,745,443. Faced with this question, new questions arise: Did the previous management not release the real numbers? Or is Doman’s management looking to exaggerate the numbers? If Doman’s figures are taken as valid, the club would have increased its liabilities by almost 50% in just four monthswhich would pose an even more serious scenario.
However, the underlying question falls on the accuracy of the analysis of the club’s figures carried out by the current management. Although the liability is high, it also registers important assets, such as its players and television rights. According to him Balance 2021-2022assets reached $10 billion, which was well above the $4.5 billion of liabilities.
At that, the question resonates again. Is it scorched earth? Or does the current administration seek to create an umbrella for itself in the face of a worsening of the current complex situation? The answer will probably manifest itself in the following months, once the bases of this new leadership are established.
Source: Ambito
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