Betclic Elite: 2.9 million euros in losses for Pau-Orthez in 2021-2022

Acquired by the American group CSG in June 2021, Pau-Orthez ended the following financial year with a net loss of 2.9 million euros as of June 30, according to National Basketball League Financial Report (LNB), published on Wednesday. A sum which, on its own, puts the balance sheet of the 18 Betclic Elite clubs in the red with a loss of 2.7 million euros. But without the Pau club, the 17 other clubs, on the other hand, show a positive result of 200,000 euros. The Elan Bearnais, threatened with demotion to National 1had been saved in extremis by a group of investors around the new president Sébastien Ménard.

Behind Pau-Orthez, Limoges, shows 583,000 euros in net loss according to club accounts unveiled by the National Directorate of Professional Club Management Advice and Control (DNCCGP). Reigning champion of France, Asvel displays a profit of 359,000 euros, the largest, ahead of Roanne (172,000 euros) and Nanterre (122,000 euros).

In its report, the DNCCGP also notes that club operating income increased by 11% in one year, driven by the return of ticket offices after two seasons disrupted by Covid-19. Match revenue thus increased by 261% compared to the previous financial year, interrupted for long weeks by the virus. According to the financial policeman of French basketball, the room occupancy rate was 77% last season, almost at its level of 2018-2019 (83%), the last season before the Covid-19.

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