Padel: a turnover of €1.14m and a profit of €84,618 for the Spanish Federation in 2021

The Federación Española de Pádel posted a turnover of €1.14m in 2021, announced the FEP on 09/07/2022. The Federation generated a profit of €84,618. For 2022, the body is forecasting a turnover of €1.2m, for €1.1m in expenses, i.e. a profit of €85,360.

Excluding subsidies (€296,456, €80,000 more than in 2020), the Federation generated €848,268 of its own revenue in 2021, an increase of 63.2% compared to 2020 (€519,615). Licences brought in €298,560 (96,872 licensees in 2021). The remaining €550,000 came from sponsorship, competition entry fees and media rights, which were "multiplied by three over the year."

In terms of expenditure, the "personnel" (€343,774) and "professional services" (€180,245) divisions account for a total of €524,019, i.e. nearly double that of 2020.

Spanish Padel Federation: no impact from the pandemic on the financial year 2021

• "With the difficulties related to the pandemic, domestic competitions have been developed for the 2021 season. As a result, the FEP has not recorded any impairment losses on assets and transactions.
• The current situation has not led…