On 18th December, Real Oviedo will hold their Ordinary and Extraordinary General Shareholders Meeting. All information for the date is now available, including the balance sheet for the past business year, audit report, and the budget for the current season.
The reports detail how Real Oviedo will bid farewell to the current season with zero debt owed to Public Administrations. This had been revealed by Arturo Elías Ayub several months ago, in his role at the head of the historic management of our club. This is a historic milestone, which has been achieved thanks to the constant financial injections and crucial backing of Grupo Carso. They have managed to completely clean the club during their six years in charge, as well as attracting new investors into
the club. The debt has risen just 617,000 euros to date. The club has also made a further repayment since the end of the last business year (30-06-18), when debt owed to Public Administrations stood at €2,168,000. The budget presented for the current 2018/19 season will leave all historic debts completely settled.
With respect to the balance of incomes and spending, there has been a growth in advertising income (+8%) and competition income (+104%) compared to last year. The deficit is principally due to the costs of indemnification expenses and the increase in spending caused by the B team’s promotion.
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