Betis will ask shareholders on Dec 10 to endorse accounts showing a €15.2 million loss, down from a €4.6 million profit last year. Revenue hit €162.9 million, boosted by TV deals, season tickets and European matches, while commercial and advertising income fell by €11.5 million.
Staff costs jumped to €114 million from €102.7 million, and amortisation rose to €37.8 million from €27.3 million as transfer fees are spread over years. The club added player rights worth €73.8 million and recorded a €23.4 million net accounting gain from departures, though the report doesn’t break down figures by individual player.
Bank debt climbed to €145 million from €129.1 million, with €23.4 million due short‑term. Betis ended the year with €17 million cash, yet short‑term liabilities exceeded available resources by €34.1 million.
Net accounting equity sat at a €53.9 million deficit. For my money, the loan accounting rescue is crucial. Accounting for the €72.5 million pending LaLiga Impulso participative loan linked to CVC lifts the figure to a €18.6 million surplus, keeping the club out of dissolution territory.
The auditor flagged the €12.4 million tax credit as overvalued, noting the club must rely on future profits to use it and the adjustment can’t be quantified. Betis projects its Champions League share could bring at least €45 million in the 2026/27 season.