2023-10-06 19:15:00
October 6, 2023 at 9:15 p.m. by Thomas
If Ajax is in difficulty sportingly, economically the club is doing like a charm.
Despite a disappointing sporting season, Ajax made a substantial profit of 55 million euros before tax (39 million euros following tax) for the 2022/23 season, compared to a loss of 32 million euros the previous season, according to figures shared by Swiss Ramble.
Ajax closes the 2023 financial year with €39 million net profit
This improvement of 87 million euros is mainly due to the large profits made on player sales, which jumped by 75 million euros, from 38 million euros to 113 million euros. Additionally, revenues increased by €7 million (4%), from €189 million to €196 million, while operating expenses decreased by €6 million (3%). , at 248 million euros.
Increasing income and decreasing payroll
Ajax’s revenues were hit by falling television revenue from European competitions, resulting in an €18 million (25%) decrease in broadcast rights, from €74 million to €56 million. euros. But this decline was offset by increases in the other two sources of revenue. Ticket revenue grew 49% to €17 million, from €34 million to €51 million, as some matches were played without spectators in the previous season due to COVID restrictions, while commercial revenue increased 9 million euros (11%), from 81 to 90 million euros.
Unlike previous seasons, the COVID pandemic did not impact financial results. Ajax’s team costs fell as the wage bill fell by €10 million (9%), from €109 million to €99 million, while player write-offs increased slightly decreased by 1 million euros (2%), to 56 million euros. However, other expenses increased by €7 million (9%), mainly due to the higher costs of organizing all matches with spectators.
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