On December 13, Espanyol's General Shareholders' Meeting will approve an extraordinarily negative balance of accounts for the past year and a greatly reduced budget for the present. According to 2Playbook, Espanyol lost 22.2 million euros last season, which, added to the 8.8 million expected for this year, will increase the accumulated losses since the 2020-21 financial year to 54. All of this creates a situation that is much more worrying than expected just when the team is fighting to climb to the First Division.
These data cannot be valued without taking into account that throughout last summer, and since the arrival of Fran Garagarza, Espanyol sold some of its best players worth more than 30 million euros. César Montes, Darder, Simo, Vilhena, Víctor Gómez, Dimata and the loan of Joselu, left, but despite this, the impact of relegation has caused a very significant deficit.
These 22 million euros of losses in a single year are the worst result of the Chen era, which accumulated more sporting failures than economic ones. At its best, Espanyol managed to present a positive balance of 26 million profits in the period between 2015 and 2020.
This season in the Hypermotion League, Espanyol will see its turnover reduced by 50%, to 40 million, and its debt will increase by 8.8 million euros. Numbers that make clear the urgent need to return to the First Division this season, or the club's financial situation will become critical.
