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Real Zaragoza | Surplus for the fifth consecutive year – Transgaming

by: Adam Smith

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Real Zaragoza SAD will present at its Annual General Meeting tomorrow a pre-tax surplus of 1,287 million euros, leaving its net debt at 79.6 million, of which just over 19 million correspond to contributions from the Zaragoza 2032 Foundation, of which families Alierta, Yarza, Iribarren and Forcén are part.

This is the fifth consecutive year with benefits following the catastrophic administration of Soriano businessman Agapito Iglesias, who left Real Zaragoza on the brink of disappearance and with a net debt of 106 million euros.

Zaragoza Royal Coat of Arms / Flag

Among the most relevant revenues for fiscal year 2018-19, which had revenues of 16.1 million, were subscribers (4.29 million) and television rights (8.7), while debt to it is still 16.5 million.

The sports corporation maintains a balance between revenue and ordinary spending of about $ 15 million, one of the highest in the second, as well as the newly born, backed by downward insurance.

Net debt currently stands at 79.6 million euros, down 3.3 million from the previous season, mainly for annual payments made to the Tax Agency under the single contract signed in 2017 and the first term of the creditors' agreement, already activated in this accounting period.

For its part, Real Zaragoza manages a benefit forecast for this 2019-20 campaign of around 6.957 billion euros before tax, thanks mainly to the sale of players like Pep Biel (Copenhagen), Soro (Real Madrid), Verdasca (Beitar Jerusalem) and Mateo Mejía (Manchester United), which represent a fixed income, regardless of variables, of almost seven million.

The General Meeting of Shareholders will begin at 10 am at the Zaragoza Chamber of Commerce Plenary Hall, and shareholders with at least 320 titles will have access.

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