Track record of losses in European football

Source: UEFA. First division only

-216 -536-649

-1,206

-1,641 -1,675

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

1

6 principles that transformed European football

01Regulation

02Strict control

03Punishment

04Democracy

05Transparency

06Protection

2

114

2014-15 2016-17

LaLiga: TV rights ratio from most to least paid team

Agent fees paid by Premier League in season 2016-17

Clubs transparency (Getafe accounts at club webpage)

3

Transparency and democracy

LaLiga

2419

10 10

Año 1 Año 2 Año 3 Año 4

101.5

LaLiga LaLiga123

Premier League

4

Parachute payments amounts

7.6 7.6

6.7

7.3

6.96.6 6.7

2009 2010 2011 2012 2013 2014 2015

65%

60%

51% 52%

46%42%

40%

bio€

Deb reduction in European football

5Source: UEFA. % of debt over revenues

Broadcasting rights income in Europe and LaLiga

mio€

1,437

773 951481

3,515

1,696 1,315 1,227

2012/13

2017/18

7851,215

1,700 1,8002,300

2014/15 2015/16 2016/17 2017/18 2018/19P

PROMEDIO x2,2

6Source: Prime Time Sport. 2018-19 is an estimation

Investment in player signings in Europe (summer + winter)

7

mio€

1,8472,452 2,627

3,3893,868

2012/13 2013/14 2014/15 2015/16 2016/17

Source: Football Transfer Review by Prime Time Sport

Losses/profit trend

Source: LaLiga

50

-50

-

100

150

200

300

-15,2

244,6179,0 254,4

2011-12 2012-13 2013-14 2015-162014-15

250196,0

LaLiga SantanderEBITDA

8

-40

-50

-

-30

-20

-10

30

-31,5

-18,9

17,7

2011-12 2012-13 2013-14 2015-162014-15

10

-1,1

20

-45,6

LaLiga 1|2|3EBITDA

48.539.3

24.524.4

22.120.0

18.612.7

9.69.19.08.4

5.54.94.84.4

2.21.0

0.1

FC Barcelona

Real Madrid

Málaga

Atlético

Athletic

Sevilla

Villarreal

Celta

Deportivo

Eibar

Las Palmas

Espanyol

Real Sociedad

Sporting

Granada

Getafe

Levante

Betis

Rayo Vall.

Valencia-26.6

-4.5-4.2-4.1

-3.4-3.1

-02-1.9-1.9-1.8

0.1

Valencia

FC Barcelona

Atletico

Villarreal

Real Madrid

Deportivo

Espanyol

Mallorca

Valladolid

Santander

Osasuna

Athletic

Getafe

Almería

Sporting

Betis

Sevilla

Málaga

Recreativo

Numancia

-20.0

-13.6-11.6

-0.2

-0.2

-0.2-0.3-0.3-0.3-0.4

TV rights revenue growth and new distribution system, as well as strictLaLiga financial control on expenses resulted in most clubs

becoming profitable (vs most generating losses)

From 19 teams in red numbers into just one

Fuente: Prime Time Sport sobre varios informes

2008-09 2015-16mio€

9