Pamplona (Thursday, November 9, 2023) - Late this afternoon, Club Atlético Osasuna Economic Control Committee submitted its annual report for the 2022-2023 season to the Board of Directors. It reviews the economic situation of the entity, starting, as usual, with the result of the year, which shows a loss of 5.1 million after taxes. The Committee also addresses the net debt, which stands at 61 million euros, mainly due to the financing Osasuna is receiving from LaLiga through the Impulse Plan (CVC). The report shows the reduction in bank debt and the increase in debt with LaLiga as the funds from the Impulse Plan are received.

The report also reviews the entity's income and expenses. Regarding revenues, they stand at a record 76.8 million euros. Television revenues accounted for 66.43% of the total, while season tickets and box office accounted for 7.21% of ordinary revenues and sponsorships for 14.87%. Expenses amounted to 84.6 million during the season, with an increase of almost 7 million in personnel and 2.5 million in supplies due to booking tickets for the Copa del Rey final. The Committee also points out the increase of 2.4 million in external services, of which 1 million corresponds to the expenses invoiced by the RFEF for the final of the Copa del Rey and 0.6 million to the increase in the expenses invoiced by Fundación Osasuna and Fundación Osasuna Femenino. Expenses for players' agents have also increased by 1.4 million. All these expenses are also explained in the information provided by the club.

The Committee also notes that the club complies with the three ratios required by LaLiga: break-even point, net debt, and expenses associated with the first team. Also, analyzing tax compliance concludes that the club is current with all tax payments.

Finally, the committee members made four recommendations to the club's management. Firstly, they recommend recovering the path of profits so as not to deteriorate the economic situation regarding debt and cash flow. It also recommends controlling spending to avoid the losses budgeted for the 23-24 season. Likewise, thirdly, it values positively the effort made by the club to increase advertising and sponsorship income. Finally, it recommends that profits will have to be made in future years for the deferred tax assets to have an effective economic value.

The report is signed by the Chairman of the Committee, Gonzalo Larrondo, and the members Rebeca Ugalde, David Alonso, Juan Mari Erice, Eduardo Jiménez, Felipe Esparza, and the member of the Administration, Julián Álava. Ugalde, Alonso, and Jose Sansa complete their term of office with this report. The Commission also explains that it has had access to all the information requested from the club and highlights the club's collaboration in preparing the report.