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41°45′ N 7°28′ W

GD Chaves

Tier 2Liga Portugal 2Chaves, Vila Real, PortugalOn the globe

Founded
1949
Ground
Estádio Municipal Eng. Manuel Branco Teixeira8,400 seats · opened 1949
Full name
Grupo Desportivo de Chaves
Reserve side
GD Chaves B

Who owns GD Chaves

GD Chaves is controlled by Arturo Lomelí, through Toquedireto – Unipessoal, Lda (70%).

Owned by a multi-club groupOwner based abroad: Mexico

From the pitch to the top

The company that fields the team, then each holder above it.

Fields the first teamGrupo Desportivo de Chaves - Futebol, SADSAD (sports public limited company), Portugal, NIPC 510721630

The club’s members’ association is Grupo Desportivo de Chaves (NIPC 500131058).

Changes of control

  1. 17 September 2025

    Toquedireto – Unipessoal, Lda took control (70%).

    Mexico's GLS Promotoria de Deporte bought control through Toquedireto. A natural person held 89.95% in Liga Portugal's edition of 19 Aug 2025 and keeps 20%; Lusa reported the sale as 80%.

    • Paid for the shares (70%)€8.00mreported

    High confidenceSources: RTP (Lusa), Liga Portugal, Notícias ao Minuto (Lusa), Liga Portugal

  2. 6 June 2013

    Converted the club into a company.

    Grupo Desportivo de Chaves - Futebol, SAD (NIPC 510721630), the company that fields GD Chaves's first team in 2026-27, was incorporated on this date according to the registry data republished by racius; its founding club is Grupo Desportivo de Chaves. Its legal form may have changed since (several clubs' companies were created as SDUQs in 2013 and later became SADs).

    Medium confidenceSource: Racius

Chaves’s finances

From its published accounts and league records. Figures compare only with clubs at the tier it played that season.

Against its tier

Chaves's revenue of €1.19m is the 6th highest of the 14 Liga Portugal 2 clubs with published accounts

Each club's latest published accounts, at the tier it played that season.

  • Chaves
  • Other Liga Portugal 2 clubs
Revenue14 clubs

Each club's newest recorded accounts since 2021–22, at the tier it played that season. If that year's revenue cannot be separated from player trading, the club is omitted rather than using an older year. Coverage counts comparable accounts, not every club with financial data. Revenue excludes player-sale income. Where that income is included in the published total, we subtract the statement's separately reported player-trading figure. Some statements group loan fees and other player income with sale gains; those are removed together. Otherwise loan fees remain included. These are comparisons across accounting formats, not identical revenue definitions. Chaves: Reported revenue €1.19m; player-sale gains already excluded. Venda de bens €249,075.60 and prestação de serviços €936,508.73 (notes). The scales are logarithmic.

Revenue€1.19m2024-25
Staff costs€3.15m2024-25
Net result−€1.23m2024-25
Equity
€1.48m
accounts, 2024-25
Public money
€3.82m
paid, 2025, 2 records

The accounts

Grupo Desportivo de Chaves - Futebol, SAD, the entity that fields the team · 2020-21 to 2024-25

Line2024-25Tier 2 · audited2023-24Tier 1 · audited2022-23Tier 12021-22Tier 22020-21Tier 2
Profit and loss
Revenue€1.19m1€5.02m€5.27m€1.54m€790k
TV money€450k2€3.60m3€3.60m3€600k3€544k3
UEFA money€507k4€219k5€207k5€163k6—
Matchday€70.8k7€363k8€470k9€34.8k10—
Sponsorship€331k11€448k12€443k12€591k12€134k12
Subsidies€512k€237k€212k€164k€160k
Other revenue—€2.89m€3.21m€3.68m€1.85m
Player sales—€2.07m13€2.51m13€3.15m13€1.02m14
Staff costs—€5.71m€4.52m€2.73m€2.86m
Wage bill€3.15m15————
Other operating costs—€1.46m€2.08m€1.80m€653k
Player amortisation€225k16€274k17€177k18€113k19€77.8k20
Other depreciation€342k21€342k21€342k21€344k21€356k21
Operating result—−€58.2k€1.17m€118k−€2.01m
Financial result—−€13k22−€17.4k22−€89.1k22−€19.5k22
Result before tax—−€71.2k€1.15m€29.2k−€2.03m
Income tax—€35k€298k€40.3k−€367k23
Net result−€1.23m−€106k€850k−€11.1k−€1.66m
Balance sheet
Total assets€7.02m€6.29m€6.34m€8.37m€6.14m
Non-current assets—€4.14m€4.08m€4.52m€4.94m
Player registrations (book value)€370k24€603k25€320k26€273k26€138k
Property and equipment—€2.42m€2.62m€2.99m€3.26m
Current assets—€2.14m€2.26m€3.85m€1.20m
Cash—€596k€453k€157k€179k
Equity€1.48m€2.76m€3.20m€2.36m−€2.96m
Share capital€1.00m€1.00m€1.00m€1.00m€1.00m
Liabilities—€3.52m€3.14m€6.01m€9.09m
Non-current liabilities—€1.86m€957k€4.01m€8.16m
Current liabilities—€1.67m€2.18m€2.00m€935k
Financial debt€4.14m27€2.11m28€1.21m29€4.01m30€8.16m31
Tax and social security debt—€272k€369k€103k€229k
Shareholder loans€4.14m32€1.86m33€707k32€3.01m32€6.66m34
Cash flow
Cash from operations—−€2.30m−€1.75m−€1.44m−€2.57m
Cash from investing—€1.56m35€4.87m36€72.7k€1.18m
Cash from financing—€887k37−€2.82m38€1.34m39€1.42m
Net change in cash—€143k€296k−€21.7k€21.7k
Money from owners
Capital increase———€5.50m40—
Owner contributions—€7.50m41€7.50m41€7.50m41€2.00m
Notes on 41 figures, in the accounts’ own words
  1. Revenue: Venda de bens €249,075.60 and prestação de serviços €936,508.73 (notes)
  2. TV money: Cessão de direitos televisivos
  3. TV money: Cessão de direitos televisivos (note 9)
  4. UEFA money: UEFA, booked as an operating subsidy (note 10), the season after a Liga 1 season
  5. UEFA money: UEFA, booked as an operating subsidy (note 10)
  6. UEFA money: UEFA, booked as an operating subsidy (2022/2023 report's note 10)
  7. Matchday: Bilhetes jogos; Gold Pass, cativos and camarotes €84,303.40 apart
  8. Matchday: Bilhetes jogos; Gold Pass, cativos and camarotes €233,465.25 apart (note 9)
  9. Matchday: Bilhetes jogos; Gold Pass, cativos and camarotes €232,416.49 apart (note 9)
  10. Matchday: Bilhetes jogos; Gold Pass, cativos and camarotes €50,373.79 apart (note 9)
  11. Sponsorship: Publicidade
  12. Sponsorship: Publicidade (note 9)
  13. Player sales: 'Transferências' in outros rendimentos e ganhos (note 14.3); gross or net of book value not stated
  14. Player sales: 'Transferências' in outros rendimentos e ganhos (note 14.3)
  15. Wage bill: Remunerações do pessoal (notes), before social charges
  16. Player amortisation: Depreciation of players' economic rights (note 7)
  17. Player amortisation: Depreciation of players' economic rights (note 7); the notes also report impairment losses of €131,524.82 on them
  18. Player amortisation: Gastos de depreciação e de amortização €519,159.12 less tangible depreciation €342,242.15 (note 6)
  19. Player amortisation: Gastos de depreciação e de amortização €457,115.80 less tangible depreciation €344,234.30 (note 6)
  20. Player amortisation: Gastos de depreciação e de amortização €433,705.74 less tangible depreciation €355,906.70 (note 6)
  21. Other depreciation: Tangible assets (note 6)
  22. Financial result: Juros e gastos similares suportados
  23. Income tax: A tax credit
  24. Player registrations (book value): Ativos fixos intangíveis: players' economic rights, net (note 7)
  25. Player registrations (book value): Ativos fixos intangíveis: players' economic rights (note 7)
  26. Player registrations (book value): Ativos fixos intangíveis: players' economic rights
  27. Financial debt: Financiamentos obtidos, all non-current shareholders' suprimentos (note 13.5)
  28. Financial debt: Financiamentos obtidos: €1,857,276.06 non-current (shareholders' suprimentos) and €250,000 current (BPI credit line)
  29. Financial debt: Financiamentos obtidos: non-current €957,302.22 (BPI credit line €250,000 and shareholders' suprimentos €707,302.22) and current €250,000 (BPI)
  30. Financial debt: Financiamentos obtidos, non-current: BPI credit line €1,000,000 and shareholders' suprimentos €3,014,512.75 (note 13.5)
  31. Financial debt: Financiamentos obtidos, non-current: BPI €1,500,000 and shareholders' suprimentos €6,658,856.09 (note 13.5)
  32. Shareholder loans: Suprimentos sócios, non-current (note 13.5)
  33. Shareholder loans: Suprimentos sócios, non-current (2024/2025 report's note 13.5)
  34. Shareholder loans: Suprimentos sócios (note 13.5)
  35. Cash from investing: Receipts from players' registrations €2,524,360.14 less purchases €847,738.55 and tangible assets €353,951.01, plus operating subsidies
  36. Cash from investing: Mostly receipts from sales of players' registrations, €4,917,263.24
  37. Cash from financing: Loans received €1,750,001.01, repaid €850,026.17
  38. Cash from financing: Repayment of financing €2,807,210.53
  39. Cash from financing: Prestações suplementares €5,500,000 and loans €1,855,656.60 received; loans of €6,000,000 repaid
  40. Capital increase: Prestações suplementares received (cash-flow statement); other equity instruments rose from €2,000,000 to €7,500,000
  41. Owner contributions: Outros instrumentos de capital próprio

2024-25: Source: Grupo Desportivo de Chaves - Futebol, SAD2023-24: Sources: Grupo Desportivo de Chaves - Futebol, SAD, Grupo Desportivo de Chaves - Futebol, SAD2022-23: Source: Grupo Desportivo de Chaves - Futebol, SAD2021-22: Sources: Grupo Desportivo de Chaves - Futebol, SAD, Grupo Desportivo de Chaves - Futebol, SAD2020-21: Source: Grupo Desportivo de Chaves - Futebol, SAD

League figures, wage bills, budgets and public money 7 records
Public money, season or yearTotalRecords
2025€3.82mpaid2
2024€283kpaid1
2023€300kpaid1
2022€259kpaid1
2021€193kpaid2
  • 2025€3.50mpaid from MUNICÍPIO DE CHAVES: Apoio em espécie relativo à autorização de utilização do Estádio Municipal Eng. Manuel Branco Teixeira e Campos de Treino.. Source: Inspeção-Geral de Finanças
  • 2025€315kpaid from MUNICÍPIO DE CHAVES: Apoio ao Associativismo - execução do programa de atividades de desenvolvimento da prática desportiva, inclui a prática de atividades desportivas, recreativas e de convívio social, ao nível da formação de crianças e jovens.. Source: Inspeção-Geral de Finanças
  • 2024€283kpaid from MUNICÍPIO DE CHAVES: Apoio ao Associativismo - execução do programa de atividades de desenvolvimento da prática desportiva, inclui a prática de atividades desportivas, recreativas e de convívio social, ao nível da formação de crianças e jovens.. Source: Inspeção-Geral de Finanças
  • 2023€300kpaid from MUNICÍPIO DE CHAVES: Apoio ao Associativismo - execução do programa de atividades de desenvolvimento da prática desportiva, inclui a prática de atividades desportivas, recreativas e de convívio social, ao nível da formação de crianças e jovens.. Source: Inspeção-Geral de Finanças
  • 2022€259kpaid from MUNICÍPIO DE CHAVES: Apoio ao Associativismo - execução do programa de atividades de desenvolvimento da prática desportiva, inclui a prática de atividades desportivas, recreativas e de convívio social, ao nível da formação de crianças e jovens.. Source: Inspeção-Geral de Finanças
  • 2021€179kpaid from Município de Chaves: Apoio na execução do programa de atividades de desenvolvimento da prática desportiva, recreativa e de convívio social, ao nível da formação de crianças e jovens.. Source: Inspeção-Geral de Finanças
  • 2021€13.5kpaid from Instituto Português do Desporto e Juventude, I.P.: Reativar Desporto. Source: Inspeção-Geral de Finanças

Where Chaves has played

12Toquedireto – Unipessoal,…16-1718-1920-2122-2324-2526-27
Season by season
  1. 2026-272Liga Portugal 2
  2. 2025-262Liga Portugal 2
  3. 2024-252Liga Portugal 2
  4. 2023-241Primeira Liga, relegated
  5. 2022-231Primeira Liga
  6. 2021-222Liga Portugal 2, promoted
  7. 2020-212Liga Portugal 2
  8. 2019-202Liga Portugal 2
  9. 2018-191Primeira Liga, relegated
  10. 2017-181Primeira Liga
  11. 2016-171Primeira Liga

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 accountsGrupo Desportivo de Chaves - Futebol, SAD (GD Chaves's company) posted no annual report that could be found for 2025-26 (tier 2). Lei 39/2023 requires the last three years on the company's site; the filed accounts can be bought from the registry (BDCA certificate), which this batch does not do.
  • Who the shareholders areA natural person holds 20% of GD Chaves's SAD according to Liga Portugal's disclosure of 16 Oct 2025, which does not name natural persons; no public source naming the holder was found.
Sources14

Also on Wikidata (Q543467).

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