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Argentine Club River Plate Announces $12M Surplus From Year Ending Aug. 31

Argentine first division side River Plate VP Jorge Brito and Treasurer Andrés Ballotta presented the balance from the club's financial year ending Aug. 31, according to OLÉ. The highlights included a surplus of 110M Argentine pesos ($11.5M). Though the club's debt increased from 654M Argentine pesos to 749M Argentine pesos ($78.2M), team execs said that River Plate "has the best economic and financial situation in Argentine football in '15." Ballotta: "We began a stage of growth and investment." Brito added, "Today we do not have to sell players to pay salaries and bonuses" (OLÉ, 11/10).

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