Sabah club faces capital shortage

Sabah club faces capital shortage Sabah football club completed 2018 with a loss of AZN 101,000, Report informs citing the club's financial report. According to the document, Sabah's revenues for the last year made AZN 1.864 million, including the profit from advertising and sponsor - AZN 1.275 million, other revenues - AZN 589,000, expenditures - AZN 1.87 million, as well as expenditures on development of youth football - AZN 75 thousand, while other expenses made AZN 1.795 million. Moreover, the club had other unexpected expenses of AZN 85,000.
Football
May 6, 2019 14:32
Sabah club faces capital shortage

Sabah football club completed 2018 with a loss of AZN 101,000, Report informs citing the club's financial report. According to the document, Sabah's revenues for the last year made  AZN 1.864 million, including the profit from advertising and sponsor - AZN 1.275 million, other revenues - AZN 589,000, expenditures - AZN 1.87 million, as well as expenditures on development of youth football - AZN 75 thousand, while other expenses made AZN 1.795 million. Moreover, the club had other unexpected expenses of AZN 85,000.

Sabah's assets made AZN 512,000 as of January 1, 2013, while club's obligations were AZN 624 thousand more (current liabilities - AZN 242 thousand, long-term liabilities - AZN 382 thousand). As a result, the sports organization faced a loss of AZN 112,000.

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