Finance

Sevilla President Will Reveal Losses Of $19M In Past Season At Shareholders Meeting

11.8.2012

La Liga club Sevilla will present at its next shareholder meeting losses of €15M ($19.1M), according to Curro Tello of MUNDO DEPORTIVO. The meeting, scheduled for Dec. 5, will mark the first time that Sevilla President José María del Nido presents negative numbers since he arrived at the Andalucia club in '02. The bad results of the first team, which was eliminated in the first round of European competition the past two years, and not having qualified for either of this season's European tournaments, "has significantly reduced the revenue" of the club. Nido will present a balance sheet at the meeting showing €83M in revenue for the past season, but losses that reached €98M (MUNDO DEPORTIVO, 11/7).

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Sevilla President Will Reveal Losses Of $19M In Past Season At Shareholders Meeting

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