River approved its budget and the numbers closed, even as the purchases exceeded expectations

with income from 14 billion of weights currently and about 23 billion of the same currency expected for next year, River unanimously approved the expected result for the 2021/2022 financial year and the 2022/2023 financial statements, which reflect three substantial themes: the enhancement of the club’s brand, which in the last year has tripled its commercial revenues, and the exponential growth of members.

Income from sponsorship agreements that exceed those of previous years or are new, as in the case of name of the stadium (Mâs Monumental), for which the Treasury received $ 20 million for a 7-year contract. In addition, an important agreement was signed with Adidas, with a minimum profit base of 60 million dollars for the six years of the relationship and more than 10 million dollars with the arrival of Codere at the chest of the shirt, to mention the most important trade agreements.

As for the projected budget between 2021 and 2022, River reported that the result produced a budget with 14,000 million pesos of income and 106,000 new members incorporated in the last year, which was a record for the institute, which now has 250,000 associates between those of the club and the Somos River Community. Furthermore, in this year’s budget it is expected that there will be no debts, so the institute of Núñez has paid off the loans of the banks and the payments of the players acquired by domestic and foreign clubs.

Meanwhile, River also highlighted that there was a 34% increase in revenues over budget for the same period and 21% in expenses and in addition to the growth of the company mass, the revenues from Ticketing increased, due to the large participation of the members and fans, who sold out in all the meetings of the year at the Monumentale. While, the numbers went well despite player purchases well over budget to maintain a competitive squad. 20.7 million dollars were invested, plus the loan integrations of González Pirez, Pochettino and Barco, or 15 million more than the budget, or 5.7 million US dollars.

And as for the 2022/23 budget, there is a balanced projection of $ 23,010 million in revenue and $ 22,960 million in expenses. Among other things, it foresees: that the Somos River partner and member base will continue to grow, continuing the trend throughout 2022; concert box office receipts of nearly $ 6 million; investments in the club’s infrastructure of approximately 1,200 million pesos, in addition to the construction of the stadium; less player sales, so you won’t be relying solely on transfers and maintaining a highly competitive squad, which is reflected in the consideration of bonuses.

Excluding player sales, revenue is expected to grow by 80% (above the inflation used for planning) and that operating expenses (not counting financial expenses or depreciation) will increase by 69%.

“The budget reflects the institutional order River has had for many years where the commercial agreements with the front-line brands that sponsor the club exploded and the explosion of new members that allowed us to generate a real income that, among other things, allowed us to cancel bank debts and not to have debts with the clubs, to continue maintaining a competitive squad and tackle the new stadium jobs, ”he commented Andres Ballottathe treasurer of Riverin dialogue with Clarione. And he added: “The fundamental thing is to have an order”.

In short, River returned to welcome the numbers of his treasure. And he projects a growing future.