CONMEBOL: a turnover of $509m (€454m) and net profit of $28.1m (€25m) in 2019

CONMEBOL posted a total turnover of $509m (€454m) for the financial year 2019 (ending 31/12/2019), of which $487.2m (95%) came from competition revenues (Copa América, Copa Libertadores, etc.), according to the South American Confederation at the end of its 72^nd ordinary congress, held via video conference due to the Covid-19 pandemic, on 02/04/2020.

"93% of these total revenues (more than double the $227m generated in 2018), i.e. $451m, is reinvested into the development of football," explained the body, which posted a net profit of $28.1m (€25m) for the financial year 2019.

"With solid finances, we will be able to face these exceptional circumstances (the Covid-19 crisis) with confidence and with the necessary responsiveness, both financially and institutionally," said Alejandro Domínguez, president of CONMEBOL, which has made available "up to $65m, so that the clubs participating in its tournaments can count on an advance of up to 60% of their participation fees."

• "In total, more than $210m has been distributed through club tournaments (in 2019): $162m in the Libertadores and…