CD Lugo
Tier 3Primera Federación, Grupo 1Lugo, Galicia, SpainOn the globe
- Founded
- 1953
- Ground
- Estadio Anxo Carro8,100 seats · opened 1974
- Full name
- Club Deportivo Lugo
- Website
- cdlugo.com
Who owns CD Lugo
CD Lugo is controlled by NWB Sport, which holds 77.6%.
Owned by investorsOwner based abroad: Mexico
From the pitch to the top
The company that fields the team, then each holder above it.
Changes of control
- 13 June 2025
NWB Sport took control (77.6%) from Tino Saqués.
Medium confidenceSource: 2Playbook
Lugo’s finances
From its published accounts and league records. Figures compare only with clubs at the tier it played that season.
Against its tier
Lugo's revenue of €2.04m is the 8th highest of the 18 Primera Federación clubs with published accounts
In 2024-25 it spent €1.42 on staff for every €1 of revenue; the typical Primera Federación club spent €1.35.
- Lugo
- Other Primera Federación clubs
- Equity
- €3.85m
- accounts, 2024-25
- Squad cost limit
- €4.28m
- maximum, 2022-23
- Public money
- €3,367
- awarded, 2026, 1 records
The accounts
Club Deportivo Lugo, S.A.D., the entity that fields the team · 2020-21 to 2024-25
| Line | 2024-25Tier 3 · audited | 2023-24Tier 3 · audited | 2022-23Tier 2 · audited | 2021-22Tier 2 · audited | 2020-21Tier 2 · audited |
|---|---|---|---|---|---|
| Profit and loss | |||||
| Revenue | €2.04m | €2.68m | €7.99m | €8.68m | €7.91m1 |
| TV money | €216k | €270k | €5.73m | €5.99m | €5.94m |
| League and federation distributions | — | €1.25m2 | — | — | — |
| Matchday | €350k3 | €870k4 | €705k5 | €702k6 | €35.8k7 |
| Sponsorship | €1.28m8 | €1.35m9 | €1.34m10 | €1.68m11 | €1.71m12 |
| Commercial | €197k13 | €190k13 | €224k13 | €220k14 | €144k15 |
| Subsidies | €194k16 | €4,714 | €307k | €391k | €400k |
| Other revenue | €149k17 | €275k18 | €188k19 | €17.6k19 | €148k20 |
| Player sales | €628k21 | €022 | €2.85m23 | €625k23 | €125k23 |
| Staff costs | €2.90m | €4.11m | €5.25m | €6.07m | €7.12m |
| Wage bill | €2.25m24 | €3.38m25 | €4.55m26 | €5.38m27 | €6.44m28 |
| Players' wages | €1.72m29 | €2.75m30 | €3.63m31 | €4.54m32 | €5.53m33 |
| Other operating costs | €2.24m | €2.70m | €4.62m | €4.58m | €4.20m |
| Travel | €292k | €420k | €612k | €659k | €818k |
| Player amortisation | €034 | €034 | €034 | €121k35 | €123k35 |
| Other depreciation | €225k36 | €785k36 | €956k36 | €872k37 | €711k38 |
| Operating result | −€2.45m | −€3.44m | €411k | −€2.03m | −€3.33m39 |
| Financial result | €990k40 | €663k41 | −€121k | −€69.2k | −€31.2k |
| Result before tax | −€1.46m | −€2.78m | €290k | −€2.10m | −€3.36m |
| Income tax | −€362k42 | −€694k42 | €73k | −€524k43 | −€840k44 |
| Net result | −€1.10m | −€2.09m | €217k | −€1.58m | −€2.52m |
| Balance sheet | |||||
| Total assets | €12.2m | €4.03m | €6.68m | €7.17m | €6.91m |
| Non-current assets | €11.1m | €2.58m | €3.17m | €3.82m | €4.16m |
| Player registrations (book value) | €0 | €0 | €0 | €70.4k | €196k |
| Property and equipment | €365k | €394k | €436k | €130k | €165k |
| Current assets | €1.07m | €1.45m | €3.51m | €3.35m | €2.74m |
| Transfer fees receivable | €81.7k45 | €74.8k46 | €606k46 | €857k46 | €1.36m46 |
| Cash | €54.7k | €268k | €89.7k | €1.16m | €131k |
| Equity | €3.85m47 | −€3.30m48 | −€899k49 | −€763k50 | €705k51 |
| Share capital | €3.48m | €3.48m | €3.48m | €3.48m | €3.02m |
| Liabilities | €8.31m | €7.32m | €7.58m | €7.93m | €6.20m |
| Non-current liabilities | €5.59m | €4.70m | €5.11m | €4.60m | €2.53m |
| Current liabilities | €2.72m | €2.63m | €2.46m | €3.33m | €3.68m |
| Provisions | €0 | €0 | €200k | €0 | — |
| Financial debt | €6.97m52 | €5.74m53 | €5.30m54 | €4.32m55 | €2.57m56 |
| Tax and social security debt | €266k | €190k | €179k | €445k | €345k |
| Transfer fees payable | €81.9k57 | €78k57 | €595k57 | €742k57 | €970k58 |
| Shareholder loans | €35k59 | €352k60 | €456k61 | €570k62 | €1.12m63 |
| Cash flow | |||||
| Cash from operations | −€751k | €689k | −€1.40m | −€968k | −€2.62m |
| Cash from investing | −€8.74m | −€196k | −€306k | −€648k | −€1.11m |
| Cash from financing | €9.28m | −€314k | €635k | €2.65m | €2.54m64 |
| Net change in cash | −€214k | €179k | −€1.07m | €1.03m | −€1.19m |
| Money from owners | |||||
| Capital increase | €065 | — | €066 | €460k67 | — |
| Transfers and people | |||||
| Employees | 65.2 | 67 | 71.58 | 75.64 | — |
| Players | 24.6868 | 22.3768 | 20.9668 | 24.7568 | — |
Notes on 68 figures, in the accounts’ own words
- Revenue: Members €35,823.52, broadcasting €5,939,916.31, commercialisation and advertising €1,936,103.80; no gate income (note 13.1).
- League and federation distributions: LaLiga relegation aid (ayuda por descenso), booked under 'Otros resultados', outside revenue.
- Matchday: Competitions €83,717.28, season tickets €266,008.70.
- Matchday: Competitions €486,692.77, season tickets €383,426.41.
- Matchday: Competitions €170,860.38, season tickets €534,291.26.
- Matchday: Competitions €169,537.19, season tickets €532,159.40.
- Matchday: Members and season tickets; competitions €0.
- Sponsorship: Static advertising €273,055.75, sponsors €851,685.18, sponsorship and licences €153,343.17 (note 13.1).
- Sponsorship: Static advertising €248,645.50, sponsors €961,800.09, sponsorship and licences €136,885.83 (note 13.1).
- Sponsorship: Static advertising €429,303.53, sponsors €816,409.07, sponsorship and licences €89,561.73 (note 13.1).
- Sponsorship: Static advertising €414,394.90, sponsors €1,024,003.74, sponsorship and licences €244,974.41 (note 13.1).
- Sponsorship: Static advertising €266,184.61, sponsors €1,178,016.55, sponsorship and licences €269,187.86 (note 13.1).
- Commercial: Ingresos de comercialización (note 13.1).
- Commercial: Ingresos de comercialización (note 13.1); a further €81,000 of 'otros' sits in the same heading.
- Commercial: Ingresos de comercialización (note 13.1); a further €78,305.79 of 'otros' sits in the same heading.
- Subsidies: Mostly the RFEF's youth programme (€190,815.84).
- Other revenue: Ingresos accesorios: youth football, campus, player loans and other.
- Other revenue: Ingresos accesorios, including player loans €80,000 and contract terminations €54,980.
- Other revenue: Ingresos accesorios y otros de gestión corriente.
- Other revenue: Ingresos accesorios, including player loans out €114,348.60.
- Player sales: Resultados por traspasos y bajas de jugadores: gain on player transfers and releases, net of book value.
- Player sales: Resultados por traspasos y bajas de jugadores (gain on disposal, net of book value): nil.
- Player sales: Resultados por traspasos y bajas de jugadores: gain on player transfers, net of book value.
- Wage bill: Sports squad wages €1,643,856.06 and other wages €602,979.27, including severance.
- Wage bill: Sports squad wages €2,597,930.78 and other wages €778,844.52, including severance.
- Wage bill: Sports squad wages €3,523,499.08 and other wages €1,028,984.17, including severance.
- Wage bill: Sports squad wages €4,434,744.22 and other wages €941,481.93, including severance.
- Wage bill: Sports squad wages €5,421,880.86 and other wages €1,019,780.86, including severance.
- Players' wages: Registrable squad (players €1,408,938.01, coaches €314,772.45): wages, severance and social security (note 13.4.1).
- Players' wages: Registrable squad (coaches €314,810.51): wages, severance and social security (note 13.4.1).
- Players' wages: Registrable squad (coaches €546,299.35 of the table's total): wages, severance and social security (note 13.4.1); the table adds €3,000 of acquisition costs.
- Players' wages: Registrable squad (players and coaches): wages €3,908,519.10, severance €269,785.57 and social security €357,366.79 (note 13.4.1); the table's total of €4,804,769.52 adds acquisition costs and amortisation.
- Players' wages: Registrable squad (players and coaches): wages €4,871,720.85, severance €267,208.42 and social security €387,188.71 (note 13.4.1); the table's total of €5,836,579.38 adds signing bonuses, acquisition costs and amortisation.
- Player amortisation: The registrable squad cost table shows no amortisation.
- Player amortisation: Amortisation of players' rights in the registrable squad cost table (note 13.4.1).
- Other depreciation: All amortisation and depreciation.
- Other depreciation: Total amortisation €992,555.62 less players' rights.
- Other depreciation: Total amortisation €833,744.19 less players' rights.
- Operating result: Capital grants taken to income €414,281.55; other results €89,260.24.
- Financial result: Includes €1,030,000 of financial income from third parties.
- Financial result: Includes €720,012.24 of financial income from third parties.
- Income tax: A tax income (deferred tax asset on the year's tax loss).
- Income tax: A tax income.
- Income tax: A tax income (tax-loss credit recognised).
- Transfer fees receivable: Entidades deportivas, deudores (short term); the €64,000 long-term credit to sports entities is a deposit with LaLiga.
- Transfer fees receivable: Entidades deportivas, deudores (short term).
- Equity: Includes €8,267,677.75 of capital grants; own funds are −€4,415,780.59.
- Equity: Own funds −€3,319,683.56 and capital grants €23,494.20.
- Equity: Own funds −€1,234,350.88 and capital grants €334,852.42.
- Equity: Own funds −€1,451,122.24 and capital grants €687,722.30.
- Equity: Own funds −€335,302.79 and capital grants €1,040,592.18.
- Financial debt: Bank debt €892,878.46 and other financial liabilities €6,072,476.95 (long term €5,588,060.28, short term €484,416.67), which include the participating loan.
- Financial debt: Bank debt €1,279,442.16 and other long-term financial liabilities €4,460,476.95 (the participating loan).
- Financial debt: Bank debt €829,664.05 and other financial liabilities €4,466,211.45 (long term €4,460,476.95, the participating loan; short term €5,734.50).
- Financial debt: Bank debt €278,913.81 and other financial liabilities €4,037,641.19 (long term €3,911,438.25, short term €126,202.94); the prepayments include 'intereses CVC'.
- Financial debt: Bank debt €2,552,055.66 (€2,178,586.37 long term) and finance leases €13,529.25.
- Transfer fees payable: Deudas con entidades deportivas in trade payables; no debts to clubs for transfers.
- Transfer fees payable: Deudas con entidades deportivas in trade payables.
- Shareholder loans: Debts to group and associated companies (short term).
- Shareholder loans: Debts to group and associated companies (long term €228,000, short term €124,000).
- Shareholder loans: Debts to group companies (long term €342,000, short term €114,000).
- Shareholder loans: Debts to group companies (long term €456,000, short term €114,000): the shareholder's participating loan.
- Shareholder loans: Short-term debts to group companies (€1,995,000 received and €875,000 repaid in the year, cash-flow statement).
- Cash from financing: Bank and group loans net €2,067,988.16 and capital grants received €472,991.11.
- Capital increase: Statement of changes in equity: no capital increase.
- Capital increase: Cash-flow statement: no issue of equity.
- Capital increase: Cash-flow statement, issue of equity: the April 2022 increase by conversion of the shareholder's loan.
- Players: Registrable sports staff, average.
2024-25: Source: CD Lugo2023-24: Sources: CD Lugo, CD Lugo2022-23: Source: CD Lugo2021-22: Source: CD Lugo2020-21: Source: CD Lugo
League figures, wage bills, budgets and public money 14 records
| Season | TV money | Squad cost limit | Source |
|---|---|---|---|
| 2023-24 | Source: LaLiga | ||
| 2022-23 | €5.66mpaid | €4.28mmaximum | Sources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga (Liga Nacional de Fútbol Profesional) |
| 2021-22 | €5.93mpaid | €4.87mmaximum | Sources: LaLiga (Liga Nacional de Fútbol Profesional), LaLiga (Liga Nacional de Fútbol Profesional) |
| Public money, season or year | Total | Records |
|---|---|---|
| 2026 | €3,367awarded | 1 |
| 2025-26 | €98.9kawarded | 2 |
| 2025-26 | €25kmaximum | 2 |
| 2025 | €3,336awarded | 1 |
| 2024 | €2,446awarded | 1 |
| 2023-24 | €75kawarded | 1 |
| 2022 | €3,197awarded | 1 |
- 8 July 2026€3,367awarded from CONSELLERÍA DE PRESIDENCIA, JUSTICIA Y DEPORTES: ORDEN de 9 de enero de 2026 que establece BBRR para la concesión de subvenciones, en rég. de concurrencia competitiva, a clubes deportivos, sociedades anónimas deportivas, secciones deportivas y núcleos de entrenamiento deportivo. Minimis General. Source: Base de Datos Nacional de Subvenciones (IGAE)
- 2025-26€60kawarded from Real Federación Española de Fútbol: Programa Futuro, Primera Federación, T. 2025/2026 (Primera Federación section): laboralidad €60,000.. Source: Real Federación Española de Fútbol
- 2025-26€38.9kawarded from Real Federación Española de Fútbol: Programa Futuro, Segunda y Tercera Federación, T. 2025/2026 (Tercera Federación section): profesionalización €35,000 + desplazamientos €3,904.40.. Source: Real Federación Española de Fútbol
- 2025-26€20kmaximum from Real Federación Española de Fútbol: Programa Futuro, Primera Federación, T. 2025/2026 (Primera Federación section): incentivo económico €20,000 (importe variable o condicionado).. Source: Real Federación Española de Fútbol
- 2025-26€5,000maximum from Real Federación Española de Fútbol: Programa Futuro, Segunda y Tercera Federación, T. 2025/2026 (Tercera Federación section): incentivo económico €5,000 (importe variable o condicionado).. Source: Real Federación Española de Fútbol
- 13 June 2025€3,336awarded from CONSELLERÍA DE PRESIDENCIA, JUSTICIA Y DEPORTES: Orden por la que se establecen las BBRR para la concesión de subvenciones, en rég. de concurrencia competitiva, a clubs deportivos, sociedades anónimas deportivas, secciones deportivas y núcleos de adiestramiento deportivo especializado de Galicia para el. Source: Base de Datos Nacional de Subvenciones (IGAE)
- 22 April 2024€2,446awarded from CONSELLERÍA DE PRESIDENCIA, JUSTICIA Y DEPORTES: ORDE pola que se establecen as bases reguladoras para a concesión de subvencións, en réxime de concorrencia competitiva, a clubs deportivos, sociedades anónimas deportivas, seccións deportivas e núcleos de adestramento deportivo especializado de Galicia p. Source: Base de Datos Nacional de Subvenciones (IGAE)
- 2023-24€75kawarded from Real Federación Española de Fútbol: Ayudas a clubes de Primera Federación, T. 2023/2024 (Primera Federación section): laboralidad €75,000; payment withheld until the club files the documents the resolution asks for.. Source: Real Federación Española de Fútbol
Where Lugo has played
Season by season
- 2026-273Primera Federación, Grupo 1
- 2025-263Primera Federación, Grupo 1
- 2024-253Primera Federación, Grupo 1
- 2023-243Primera Federación, Grupo 1
- 2022-232Segunda División, relegated
- 2021-222Segunda División
- 2020-212Segunda División
- 2019-202Segunda División
- 2018-192Segunda División
- 2017-182Segunda División
- 2016-172Segunda División
Not yet established
What we looked for and could not find in public sources. If you know, send a correction with a source.
- The club's accountsNo free accounts found for 2016-17 (seasons played in tiers 1–3). 2017-18 to 2020-21 came from the old platform's files, served on LaLiga's CDN under images/legacy/; nothing older was found.
Sources11
- Resolución definitiva de ayudas a clubes de Primera Federación, temporada 2025/2026 Real Federación Española de Fútbol, Federation, 2025. Checked 3 October 2026.
- Resolución definitiva de ayudas para la temporada 2025/2026 a clubes de Segunda Federación y Tercera Federación (Programa Futuro) Real Federación Española de Fútbol, Federation, October 2025. Checked 3 October 2026.
- Resolución definitiva de concesión de ayudas Scouting 2026 Real Federación Española de Fútbol, Federation, September 2026. Checked 3 October 2026.
- Resolución provisional de ayudas Activos Publicitarios, Primera Federación 2026/2027 Real Federación Española de Fútbol, Federation, August 2026. Checked 3 October 2026.
- Calendario Primera Federación 2026/2027, Grupo 1 Real Federación Española de Fútbol, Federation, 29 June 2026. Checked 3 October 2026.
- De Apollo a Taito Suzuki: ¿cómo el fútbol español ha llegado a los 30 dueños extranjeros? 2Playbook, News, 14 July 2026. Checked 3 October 2026.
- El CD Lugo pasa a manos de un grupo inversor liderado por el exfutbolista Ronald Baroni 2Playbook, News, 13 June 2025. Checked 3 October 2026.
- Relación de S.A.D. de fútbol Consejo Superior de Deportes, Regulator. Checked 3 October 2026.
- Estadio Anxo Carro Wikidata, Wikipedia / Wikidata. Checked 3 October 2026.
- Wikidata Wikidata, Wikipedia / Wikidata. Checked 3 October 2026.
- Primera Federación 2026-27 Wikipedia (es), Wikipedia / Wikidata. Checked 3 October 2026.
Also on Wikidata (Q11984).
