Crvena Zvezda president says budget for next season will be €5.1 million

Crvena Zvezda president Nebojsa Covic said that the budget of the Serbian team for the upcoming season will be €5.1 million.

Per Eurohoops, “Our gross budget for the first team will be around 5,100,000 euros”, said Covic, as adapted by mozzartsport.com. It should be noted that the club’s 2020-21 budget suffered a decrease of nearly 30% (~€8M in the 2019-20 campaign).

There are not only fees for players, but also for managers, for apartments and providing cars for them. According to the law on sports, you must have an employment contract and a compensation contract. They all have certain obligations to the state. Also, it is true that we owe about 30,000,000 dinars for VAT, but we owe that as a consequence of the COVID-19 strikes. We tried to come out clear with the Tax Administration, their decision is awaited”, he says.

Partizan announced a budget of €6 million.