Real Zaragoza ended the 2022-23 financial year with a profit of 8,720 euros

he Royal Zaragoza Finished fiscal year 2022-23 with some achievements. Profit of 8,720 euros In this way, we returned to the black after losing last season. amounted to 493,680 eurosaccording to the financial statements presented to shareholders by the board of directors this Wednesday.

In the first full year since the Aragonese club gained new ownership, they recorded profits againas happened in eight previous campaigns in 2021-22.

Real Zaragoza reduced its net debt by 4.4 million euros in one year, from 53.5 million euros to 49.1 million euros as of June 30, 2023.

According to the account: Royal Zaragoza Long-term debt has been reduced from 44 million euros last season to 42.3 million euros.

Last season’s financial results reflected an increase in revenue, which rose from €15.2 million the previous season to €17.5 million for the 2022-23 season.

Spending on sports teams amounted to 8.3 million euros, an increase of 626,000 euros on the previous season.

Since the arrival of a new shareholder group to run the club in April 2022, by June 30, Real Zaragoza’s net debt has decreased by 27% (18.2 million) and its external net debt by 41% (25.5 million) Diminished. As reported to shareholders, the club’s net assets increased by 143% (20.6 million) and its share capital increased by 335% (21.3 million).

The budget for the 2023-24 financial year, which has been submitted to the board and already approved by La Liga, will be 17.2 million euros, 270,000 euros less than last season.

A new capital increase of 5 million euros was also approved. To date, two expansions have been implemented to supplement the credits with an injection of nearly 21 million.

Similarly, La Nueva Romareda’s corporate purpose in its articles of association was changed in order to adapt to the Zaragoza City Council’s requirements regarding the construction and operation of a new soccer field and its commercial use.