SAD Braga recorded its third highest-ever positive net profit of 17.3 million euros (ME) in 2023–2024 during a fiscal year that saw its return to the Champions League. The company also recorded an EBITDA (profits before interest, taxes, depreciation, and amortisation) of 26.9 ME.

The shareholders accepted the current season's budget, which projects a profit of 3.484 million euros, in addition to the previous season's accounts.

In this regard, the shareholders also approved a vote of commendation for the Board of Directors under António Salvador “in recognition of the financial and sporting successes achieved" by unanimous acclamation.

Additionally, SC Braga's SAD provided 80 million euros in equity, which is 13 times the SAD's share capital of six million euros and ensures 48% financial autonomy.

Liabilities increased by 32 million euros, or 57%, to 88 million euros, while assets increased by 49.4 million euros, or 42%, to 168 million euros. The second phase of the sports city's construction also contributed to this growth.

The move of Arsenal's women's team to the SAD also contributed to the 42% increase in personnel expenses, which went from 27.7 million euros to 39.4 million euros.

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A passionate Irish journalist with a love for cycling, politics and of course Portugal especially their sausage rolls.

Rory Mc Ginn