Oly Francis
Full Member
- Joined
- Oct 3, 2018
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- PSG
Still have had to pay the massive amortized fees for Neymar and Mbappe during Covid, which is incremental to their 200M revenue loss.
Messi can bring in new commercial revenue, sure. But again, brands have already eaten into their current annual budget. Current budgets are set in the previous year. You don't sign off on sponsorship 8 months into the year for it to only be activated if/when a player becomes available. There is no current commercial revenue that can immediately offset this sudden spike of increased spending. Brands are going to have to reallocate their planned budget for next year, right now, if they think having a commercial deal with PSG and Messi is worth it.
PSG's accounts are public. For the fiscal year that closed in 2020, the revenue loss was 90M and it probably doesn't take into account the CL final 8 earnings since it occured during the next fiscal year.
You have no need to immediately offset the sudden spike in spendings, you can get short term loans and figure that out before june 30th. Even if what you say is true, most companies start their fiscal years on january 1st so new budgets can be unlocked.