The owners of Benfica are fans (this form of ownership is common in Spanish and Portuguese football: fans - they are called “Socios” - pay for their membership in the club, thereby financing it, and participate in key decisions. - Forbes), who are primarily interested in having the ball fly into the opponent’s net as often as possible. Every four years they elect the club president. In 2003, he became the current head of Benfica, Luis Filipe Vieira. Then the club was in a rather difficult financial situation, in addition, the team did not win and lost fans. As a result, the development strategy was divided into three-year cycles. In the first, agreements were reached with financial organizations - this helped us close our debts and avoid bankruptcy. At the same time, we invested in an academy and a new stadium for Euro 2004. This returned the credibility of the club. Managers from non-football business areas were appointed (and not selected, as happened before) to the management. For example, I personally worked at Warner Bros. before Benfica. and came to football only in 2005.
Then, in 2005, the club won the champion title for the first time in 11 years. It was trophies that were the task of Benfica in the second development cycle (2006-2009), but failed to complete it. But we started investing in a football team, in transfers - before we did not. Plus, work began with youth, which was not developed at all in Portugal. We wanted the players to start working in the club from the age of 11. I still remember the sale of the first graduate of the Academy for € 1 million in 2012. He was 18 years old. Now we sell young players for at least € 15 million. And there are no magic secrets of our academy. In Portugal, just good football players, as in Russia.
Yes, the stadium and the Academy campus were expensive, I had to take loans. At first, this increased the debt (to € 317 million in the 2013/14 season), but gradually we are reducing this amount, and now it is equal to € 280 million.