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Published
2024-10-16

Union closes 2024 financial year with fine profit

Union Saint-Gilloise closed the 2023-2024 financial year with a profit (before tax) of €18 million. This profit can be explained by the club's excellent sporting results such as winning the Croky Cup as well as repeated participation in European competitions and its balanced transfer policy. In addition, the club continues to pay close attention to sustainability, managing its costs and targeted investments.

Joseph Marien

Written by

Joseph Marien

Our profits earned are subject to corporate taxes like all profitable Belgian companies.
 

The club will have a positive equity of 17.4 million euros on 30 June 2024. This is an improvement of €14.8 million compared to the previous year.
 

In accordance with UEFA's European licensing rules, Union publishes below the consolidated financial statements of the matricule 10 (SRL RUSG, ASBL EDJ, ASBL Union Foundation) and the total amounts paid to intermediaries during the 2023-2024 season.

CEO Philippe Bormans:

“

These figures are a nice reward for the hard work both on and off the pitch. Of course, the majority of profits come from European revenues and outgoing transfers. This again points to the crucial importance of the new stadium to also generate fixed income and ensure a stable revenue stream in the future.

”