América sent its advisors this Wednesday (24) the financial statement for the 2023 financial year evaluated by independent auditors. In the year in which it was relegated from Series A to Series B of the Brazilian Championship, the club recorded its historic revenue record. Despite this, the institution had a deficit of R$ 22,134,573.00.
After closing 2021 with revenues of R$46 million and reaching record revenues of R$144.1 million in 2022, América once again surpassed itself in this regard. In 2023, the club earned R$187,876,760.00. The increase was 30.34% compared to 2022.
The growth in revenue in 2023 was mainly due to increase in revenues with sponsorships, advertising and marketing and also to significant increase in revenue from the sale of athletes.
In terms of “sponsorship, advertising and marketing”, Coelho jumped from R$17,577,617.00 raised in 2022 to R$ 32,875,108.00in 2023. The increase was 87.02%.
Regarding the sale of athletes, América earned R$ 62,435,387.00 in 2023, against R$11,053,441.00 in revenue in 2022. The increase was 464.85%.
Still in relation to revenue, Coelho had a reduction in terms of “broadcasting and prize rights” compared to 2022, it earned R$102.2 million, a record number. In the 2023 financial year, revenue from this portfolio was R$72.9 million.
Football expenses have increased significantly
Despite its record revenue, América also saw an increase in its general expenses: it rose from R$ 150.5 million, in 2022, to R$ 196.7 millionin 2023.
Football expenses were the “big villains” of the year. O América spent R$92,070,307.00 on salaries, image rights and labor charges for the cast in 2023. In the 2022 season, spending on the same item was R$59,901,051.00.
Even with this substantial increase in spending on the squad, the club did not respond on the field and was relegated to Serie B with the worst campaign in national elite. The team was also runner-up in Minas Gerais and fell in the quarter-finals of the Cup of Brazil and South American.
In addition to spending on salaries, image rights and cast charges, América significantly increased its sports expenses. It was R$41,450,421.00, in 2022, for R$ 57,978,218.00, in 2023.
In relation to spending on other club employees, there was a reduction. After spending R$20,163,985.00 in 2022 on salaries, charges and benefits, América reduced this expense in 2023 to R$ 19,082,300.00.
Deficit in fiscal year 2023
According to the accounting report, América closed 2023 with a deficit of R$ 22,134,573. In the previous year, the deficit had been R$21,192,728.00.
América accounting report data – fiscal year 2023
- Deficit for fiscal year 2023: R$ 22,134,573
x
- Deficit for fiscal year 2022: R$ 21,192,728
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- Revenues in 2023: R$ 187,876,760 (record)
x
- Revenue in 2022: R$ 144,142,704
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- Operating costs 2023: R$ 92,070,307
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- Operating costs 2022: R$ 59,605,351
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- Loss for the year 2023: R$ 13,244,308
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- Loss for the year 2022: R$ 14,802,348
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- Administrative expenses 2023: R$ 100,568,347
x
- Administrative expenses 2022: R$ 88,412,828
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- Tax expenses 2023: R$ 4,128,370
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- Tax expenses 2022: R$ 2,327,604
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- Total expenses for 2023 (adm + taxes): R$ 104,696,717
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- Total expenses for 2022 (adm + taxes): R$ 90,927,733
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América revenues in 2023
- Broadcast and awards 2023: R$ 72,900,023
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- Broadcast and awards 2022: R$ 102.2 million
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- Sponsorship, advertising and marketing revenue 2023: R$ 32,875,108
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- Sponsorship, advertising and marketing revenue 2022: R$ 17.5 million
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- Athlete Sales 2023: R$ 62,435,387
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- Athlete Sales 2022: R$ 11,053,441
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- Box office 2023: R$ 3,145,194
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- Box office 2022: R$ 3,543,267
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- Social activities 2023: R$ 844,664
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- Social activities 2022: R$ 565,076
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- Commercial and Rentals 2023: R$ 23,957,772
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- Commercial and Rentals 2023: R$ 13,607,711
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América’s expenses in 2023
- General expenses 2023: R$ 196,767,024
x
- General expenses: 2022: R$ 150,533,084
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Biggest expenses
- Football 2023 expenses (salaries, images and charges): R$ 92,070,307
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- Football 2022 expenses (salaries, images and charges): R$ 59,901,051
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- Sports expenses 2023: R$ 57,978,218
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- Sports expenses 2022: R$ 41,450,421
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- Salaries, charges and benefits 2023 (other employees): R$ 19,082,300
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- Salaries, charges and benefits 2022 (other employees): R$ 20,163,985
