Poor Champions League run leaves Benfica €31.4m in the red
October 4 – Portuguese giants Benfica have reported losses of €31.4 million for the 2023-24 season on turnover of €179 million excluding player transfers.
The revenue figure was a drop of 8.6% on the previous year, attributed primarily to a 34% drop in prize money from European club competition income. Benfica exited the Champions League at the group stage having made the quarter finals in the 2022-23 season.
Despite the renewal of Emirates as the club’s main sponsor through to 2029,
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