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Encarnated SAD argues that this data “is significantly influenced by the drop in operating income due to the impacts associated with COVID-19,
The same document that this Wednesday reveals that the net result of Benfica SAD amounted to 41.7 million euros in the 2019/20 financial year -a year-on-year increase of 48.7%, – shows that the ratio of personnel expenses vs income Benfica SAD operations in 2019/20 reached 69 percent. What does this mean? That Benfica is now just one percentage point (70) away from the UEFA recommended limit for financial fair play.
Now, SAD embodied argues that this data “is significantly influenced by the drop in operating income as a result of the impacts associated with COVID-19, since personnel expenses decreased by 1.3%”, adding that for this reason “it verified there is a increase in the percentage of this ratio compared to what is usual in recent seasons ”.
However, the ratio remains below the maximum limit recommended by UEFA (70%), which means that the Company complies with the efficiency levels suggested in the area of Financial Fair Play ”, added the Benfica statement. It is recalled that in the previous year the ratio was 60 percent
Other data:
>> Personnel expenses in the 2019/20 season amounted to a total of 85.66 million euros, compared to 88.253 million in the 2018/19 season.
>> fixed remuneration increased from 56 to 63 million euros
>> Variable remuneration, for example bonuses for individual performance and / or the fulfillment of collective objectives, decreased from 16.7 to 7.2 million euros.
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