Athletic holds numbers meeting at General Assembly

Athletic Club's board presents annual accounts and budget to members at today's General Assembly, with approval expected despite reduced revenues from missing European football.

Athletic Club holds its General Assembly today at 6 p.m. at Palacio Euskalduna, where president Jon Uriarte and his board will present accounts and seek member approval of the club's strategy, previous year's finances, and budget for the 2026-27 season.

The club proposes a budget of €152.6 million in revenue, down from €192.9 million in the previous year—the highest in Athletic's history excluding player sales. The reduction reflects a €50.7 million drop in sports competition and broadcasting rights income due to the club's failure to qualify for European competition. To offset this, Athletic expects €15.3 million from player transfers and loans, including summer departures of Agirrezabala and Unai Gómez.

Expenses are projected at €155.8 million, resulting in an operating loss of €3.2 million before accounting adjustments. The board also proposes a 2.1% increase in member fees, below inflation, and will discuss a €15 million investment partly earmarked for expansions of San Mamés stadium and Lezama training facility. Elections for various governance committees will also take place.