Article by George Nistor – Published on Tuesday, 02 April 2024, 06:25 / Updated on Tuesday, 02 April 2024 06:29
FCSB was financially affected in 2023. Missing the groups of European cups, but also the impossibility of selling players for substantial amounts mattered in last year’s balance sheet. The club reported €5.9 million less in revenue than in 2022 and ended up with a debt of more than €10 million to Gigi Becali.
After a season in which they played in the Conference League groups, where they faced West Ham, Anderlecht and Silkeborg, reporting impressive revenues, the red-blues returned in 2023 to the revenues of 2021, when the team was eliminated in the first round .
FCSB, loss of 7.65 million euros in 2023
According to the accounting balance of the year 2023, the finances collected from UEFA amounted to one million euros for the preliminary “doubles” with CSKA 1948 and Nordsjaelland, five times less than the previous campaign.
One chapter in which FCSB impresses is that of income from access tickets, which remained at the same level, a positive aspect since there were only two European matches in number.
Thus, the supporters contributed two million euros to the club, an amount close to the one obtained from the TV rights.
FCSB revenues in 2023
Source | Amount (euro) |
Uefa | 1,050,000 |
TV rights | 2,500,000 |
Player sales | 400,000 |
Sponsors | 2,550,000 |
ticket | 2,100,000 |
Other incomes | 400,000 |
TOTAL: 9,000,000 |
And the sponsors brought a financial boost. Betano and Walter Tosto WTB, a company producing industrial tanks, also present on the equipment, filled the accounts of the Bucharest club with approximately 2.5 million euros.
Even so, FCSB finished 2023 in the red. It reported a loss of 7.65 million euros, almost 5 times more compared to 2022. The impossibility to sell players also contributed a lot. Last year, Gigi Becali only paid Andrei Cordea, 1.32 million euros, a staggered amount, so that only the first installment is found in the balance sheet, of 400,000 euros.
FCSB expenditure in 2023
Source | Amount (euro) |
Salary budget | 7,200,000 |
Other operating expenses | 6,200,000 |
Purchase players | 2,800,000 |
Depreciation of tangible assets | 350,000 |
Material acquisition costs | 100,000 |
TOTAL: 16,650,000 |
100,000 euroswas the amount paid by FCSB in 2023 to players’ agents
As it could not produce other income, FCSB had to once again call for a financial infusion from Gigi Becali. And the money put into the club by the patron appears in the accounting under the company’s debt.
On December 31 last year, FCSB was in arrears of payment to its owner of almost 10 million euros, while the club’s total debt was 14.55 million euros.
How FCSB’s debt to Gigi Becali fluctuated
YEAR | AMOUNT (EURO) |
2005 | 2,100,000 |
2007 | 15,500,000 |
2009 | 21,000,000 |
2011 | 15,700,000 |
2013 | 2,600,000 |
2014 | – |
2018 | 3,100,000 |
2020 | 8,400,000 |
2021 | 5,300,000 |
2022 | 9,400,000 |
2023 | 10,050,000 |
Only once per plus in 5 years
In the period 2019-2023, FCSB recorded a loss year after year, with only one exception in 2021, when it set the record for the amount received from the sale of a player: when it sold Man to Parma for 11 million euros. Otherwise, each time the balance recorded a deficit.
300,000 euroswas owed to players and employees at the end of last year
126,000 euroswas the debt that FCSB reported on December 31, 2023 to the tax authorities
How much money have the supporters brought in over the last 5 years
YEAR | THE AMOUNT |
2019 | 570,000 |
2020 | – |
2021 | 260,000 |
2022 | 2,150,000 |
2023 | 2,100,000 |
1.5 million invested in the junior center
Even if, in 2022, Gigi Becali announced that he would drastically cut funding from the academy, the expenses during the past year were the same as in 2022. FCSB spent no less than 1.5 million euros with the little ones.
In the accounting report from a year ago, the runner-up had budgeted this amount, a sign that the center is on the same line as last year, in terms of investments.
Profit/loss ratio
YEAR | ADVANTAGE | LOSS |
2019 | – | 5,200,000 |
2020 | – | 5,400,000 |
2021 | 2,200,000 | – |
2022 | – | 1,650,000 |
2023 | – | 7,650,000 |
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Tags: huge debt Gigi Becali Missing Conference League #groups #club lose lot
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