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The accumulated loss is 33.5 million euros.
Croatia🏛️ Politics6 days ago

The accumulated loss is 33.5 million euros.

The article reports on a shareholder meeting of HNK Hajduk Split, where financial issues and future goals were discussed. The club has accumulated a loss of €33.5 million, close to its basic capital of €35 million, raising concerns about its financial stability. Shareholder Vedran Bukovac warned that if players leave without compensation, it could cause direct financial harm to the club. He emphasized that the president and board are responsible for addressing these issues. The club plans to achieve a profit of €1.78 million in 2026 through transfers, with a third of the expected revenue already secured. Bukovac questioned whether the club would need to increase its capital due to the accumulated losses, which are treated as a negative retained earnings figure in accounting terms.

The football club Hajduk Split has revealed significant financial challenges during its recent shareholders' meeting, which lasted nearly three hours. The meeting focused on several critical topics affecting the club's future, including its financial operations, sporting goals, and the suspended status of player Marko Livaja. Club president Dragan Bilić confirmed that Livaja remains under suspension without further decisions being made. For the previous fiscal year ending in 2025, the club reported a book profit of €6.53 million, which includes the previously signed transfer of Luke Vušković and the write-off of debt owed to the fan organization Naš Hajduk.

The management set ambitious sporting goals for the current season, aiming for the league title and qualification for the group stage of European competitions. However, shareholder Vedran Bukovac expressed doubts about the feasibility of these plans. He warned that if the targets are not met, resignations could follow. Bukovac also raised concerns regarding potential financial damage should key players leave without compensation. He specifically mentioned that allowing Livaja to depart without payment would directly harm the club financially. He questioned whether the board was aware of the legal requirement to capitalize the club once accumulated losses exceed €35 million, noting that the club’s share value had effectively reached zero due to the €33.5 million loss.

For the upcoming 2026 season, Hajduk aims to achieve a surplus of €1.78 million. This goal hinges on realizing outgoing transfers worth €14.85 million. According to Zlatko Žure, a member of the finance committee, one-third of this amount has already been secured through the transfers of Mlačić and Durdov. Žure stated that the club has contingency plans in place should these transfers fail to materialize, focusing on securing liquid options.

The accumulated loss, a financial term referring to the cumulative deficit over years when the club operated at a loss, is a crucial figure in understanding the club's financial health. It represents the total negative balance from all years of operation, adjusted for profitable periods. This figure does not represent a specific debt but rather a reflection of the club's overall financial performance over time.

In addition to financial discussions, the club announced new signings aimed at bolstering their squad. Among them is Dalisson de Almeida, a Brazilian offensive midfielder who joined from Spanish side Córdoba on a one-year loan with an option to buy. De Almeida, who scored two goals last season, is expected to bring creativity and versatility to the team. His arrival coincided with the departure of captain Marko Livaja, who faced disciplinary action during training sessions.

Another notable signing is Alberto del Moral, a 25-year-old central midfielder who joined from Real Oviedo after his contract was terminated. Del Moral, known for his defensive qualities and tactical awareness, signed a contract until 2028. Sports director Robert Graf described him as a disciplined player who will contribute intensity and balance to the midfield. Del Moral expressed enthusiasm about joining Hajduk, emphasizing his desire to prove himself and become part of the club's family.

These developments highlight both the financial struggles and strategic moves of Hajduk as it navigates through a challenging period. With accumulated losses nearing the threshold requiring capitalization, the club faces pressure to secure necessary funds while maintaining competitive performance on the field. The combination of financial constraints and the need for successful sporting outcomes presents a complex challenge for the management and stakeholders alike. As the season progresses, the effectiveness of these new signings and the realization of financial goals will be pivotal in determining the club's trajectory moving forward.

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Index.hr logoIndex.hrIndependentCenter6 days ago
The accumulated loss is 33.5 million euros.

The article reports on a shareholder meeting of HNK Hajduk Split, where financial issues and future goals were discussed. The club has accumulated a loss of €33.5 million, close to its basic capital of €35 million, raising concerns about its financial stability. Shareholder Vedran Bukovac warned that if players leave without compensation, it could cause direct financial harm to the club. He emphasized that the president and board are responsible for addressing these issues. The club plans to achieve a profit of €1.78 million in 2026 through transfers, with a third of the expected revenue already secured. Bukovac questioned whether the club would need to increase its capital due to the accumulated losses, which are treated as a negative retained earnings figure in accounting terms.

Bias read (Center): The article presents a balanced discussion between the club’s management and shareholders regarding financial challenges and strategic decisions. While there is some criticism from shareholders, the tone remains objective, focusing on factual reporting rather than overtly partisan language. The lack

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