AA Gent had to sell heavily in January. Hugo Kuipers, Malick Fofana and Gift Orban were sold for over €30m. Chairman Sam Barrow spoke frankly about the Buffaloes’ financial situation.
AA Gent incurred a loss of 35 million euros
“After four years of losses, there was an accumulated loss of €35 million. Last season (2023-24, ed.) we made an accounting profit of €13 million. This is positive, the club is in good shape now.” But there is still a lot to do. latest news.
The club doesn’t have much left from the three January transfers. “5% of outgoing transfers go to the FA. Brokerage costs are 15-20%. Sometimes you have percentages on resale. People think the cash register is full after a few big outgoing transfers, but that’s not the case.”
AA Gent have to sell players
“The club also has an operating loss. This season we have to approach 10 million again. That’s where the need for transfers comes in. We don’t have huge money, do we? We can be transparent about that, I think. The outside world, the fans have a right to know,” Barrow said.
AA Gent will also be letting go of several players in the coming weeks. The club also plays European football, which should also bring in additional money.
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