Quick, huge losses in 2023! Debts of almost 7 million euros in the previous fiscal year

Rapid recorded huge losses in 2023! The team financed by Dan Șucu and Victor Angelescu has debts of almost 7 million euros in the previous fiscal year.

From the figures in the file, it appears that Rapid has a double debt compared to the year 2022. In the previous fiscal year, the residents of Giulești accumulated a debt of 34.688 million lei, almost 7 million euros. The biggest debt of “alb-visinii” was recorded in the chapter “Debts to the companies within the group and other parties”.

In fiscal year 2023, the club under the Grant Bridge accumulated revenues of €10.6 million, double that of fiscal year 2022.

However, Rapid’s income did not keep up with the club’s expenses in the previous fiscal year. In 2023, the club financed by Dan Șucu and Victor Angelescu had expenses of 14.35 million euros (no. 9.58 million euros in 2022).

In total, Rapid recorded losses of 3.82 million euros in 2023. In 2022, the residents of Giulești came out with a deficit of 1.41 million euros. However, Dan Șucu and Victor Angelescu have admitted from the moment they joined Rapid’s shareholding that healthy management needs time to be implemented.