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
- Website
- gdchaves.pt
- 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.
- 70%controlsToquedireto – Unipessoal, LdaSince 17 September 2025, figure as of 16 October 2025Lusa reports the sale to GLS as 80% (officialised 17 September 2025); the FPF table shows 70% via Toquedireto plus a natural person at 20%.High confidenceSources: RTP (Lusa), Liga Portugal, Notícias ao Minuto (Lusa)
- 100%controlsGLS Promotoria de Deporte, S. de R.L. de C.V.Figure as of 16 October 2025High confidenceSource: Liga Portugal
- Stake not knowncontrolsArturo LomelíFigure as of October 2026Wikipedia names Lomelí as owner; FPF only says GLS is 100% held by natural persons.Low confidenceSource: Wikipedia (en)
- 10%minority
The club’s members’ association is Grupo Desportivo de Chaves (NIPC 500131058).
Changes of control
- 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
- 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
- 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
| Line | 2024-25Tier 2 · audited | 2023-24Tier 1 · audited | 2022-23Tier 1 | 2021-22Tier 2 | 2020-21Tier 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
- Revenue: Venda de bens €249,075.60 and prestação de serviços €936,508.73 (notes)
- TV money: Cessão de direitos televisivos
- TV money: Cessão de direitos televisivos (note 9)
- UEFA money: UEFA, booked as an operating subsidy (note 10), the season after a Liga 1 season
- UEFA money: UEFA, booked as an operating subsidy (note 10)
- UEFA money: UEFA, booked as an operating subsidy (2022/2023 report's note 10)
- Matchday: Bilhetes jogos; Gold Pass, cativos and camarotes €84,303.40 apart
- Matchday: Bilhetes jogos; Gold Pass, cativos and camarotes €233,465.25 apart (note 9)
- Matchday: Bilhetes jogos; Gold Pass, cativos and camarotes €232,416.49 apart (note 9)
- Matchday: Bilhetes jogos; Gold Pass, cativos and camarotes €50,373.79 apart (note 9)
- Sponsorship: Publicidade
- Sponsorship: Publicidade (note 9)
- Player sales: 'Transferências' in outros rendimentos e ganhos (note 14.3); gross or net of book value not stated
- Player sales: 'Transferências' in outros rendimentos e ganhos (note 14.3)
- Wage bill: Remunerações do pessoal (notes), before social charges
- Player amortisation: Depreciation of players' economic rights (note 7)
- Player amortisation: Depreciation of players' economic rights (note 7); the notes also report impairment losses of €131,524.82 on them
- Player amortisation: Gastos de depreciação e de amortização €519,159.12 less tangible depreciation €342,242.15 (note 6)
- Player amortisation: Gastos de depreciação e de amortização €457,115.80 less tangible depreciation €344,234.30 (note 6)
- Player amortisation: Gastos de depreciação e de amortização €433,705.74 less tangible depreciation €355,906.70 (note 6)
- Other depreciation: Tangible assets (note 6)
- Financial result: Juros e gastos similares suportados
- Income tax: A tax credit
- Player registrations (book value): Ativos fixos intangíveis: players' economic rights, net (note 7)
- Player registrations (book value): Ativos fixos intangíveis: players' economic rights (note 7)
- Player registrations (book value): Ativos fixos intangíveis: players' economic rights
- Financial debt: Financiamentos obtidos, all non-current shareholders' suprimentos (note 13.5)
- Financial debt: Financiamentos obtidos: €1,857,276.06 non-current (shareholders' suprimentos) and €250,000 current (BPI credit line)
- 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)
- Financial debt: Financiamentos obtidos, non-current: BPI credit line €1,000,000 and shareholders' suprimentos €3,014,512.75 (note 13.5)
- Financial debt: Financiamentos obtidos, non-current: BPI €1,500,000 and shareholders' suprimentos €6,658,856.09 (note 13.5)
- Shareholder loans: Suprimentos sócios, non-current (note 13.5)
- Shareholder loans: Suprimentos sócios, non-current (2024/2025 report's note 13.5)
- Shareholder loans: Suprimentos sócios (note 13.5)
- 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
- Cash from investing: Mostly receipts from sales of players' registrations, €4,917,263.24
- Cash from financing: Loans received €1,750,001.01, repaid €850,026.17
- Cash from financing: Repayment of financing €2,807,210.53
- Cash from financing: Prestações suplementares €5,500,000 and loans €1,855,656.60 received; loans of €6,000,000 repaid
- Capital increase: Prestações suplementares received (cash-flow statement); other equity instruments rose from €2,000,000 to €7,500,000
- 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 year | Total | Records |
|---|---|---|
| 2025 | €3.82mpaid | 2 |
| 2024 | €283kpaid | 1 |
| 2023 | €300kpaid | 1 |
| 2022 | €259kpaid | 1 |
| 2021 | €193kpaid | 2 |
- 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
Season by season
- 2026-272Liga Portugal 2
- 2025-262Liga Portugal 2
- 2024-252Liga Portugal 2
- 2023-241Primeira Liga, relegated
- 2022-231Primeira Liga
- 2021-222Liga Portugal 2, promoted
- 2020-212Liga Portugal 2
- 2019-202Liga Portugal 2
- 2018-191Primeira Liga, relegated
- 2017-181Primeira Liga
- 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
- Grupo Desportivo de Chaves - Futebol, SAD – Racius Racius, Database. Checked 4 October 2026.
- Grupo Desportivo de Chaves – Racius Racius, Database. Checked 4 October 2026.
- Centro de Resultados – Liga Portugal Meu Super 2026-2027 Federação Portuguesa de Futebol, Federation. Checked 3 October 2026.
- Transparência – Informação comunicada 2025-26 (participações qualificadas no capital social das sociedades desportivas), data 16/10/2025 Liga Portugal, League, 16 October 2025. Checked 3 October 2026.
- Liga Portugal team record: Grupo Desportivo de Chaves - Futebol, SAD Liga Portugal, League. Checked 4 October 2026.
- Transparência – Informação comunicada 2025-26, data 19/08/2025 Liga Portugal, League, 19 August 2025. Checked 4 October 2026.
- FPF confirma mudanças nas SAD de Moreirense, Tondela e Alverca para 25/26 Notícias ao Minuto (Lusa), Local news, 4 November 2025. Checked 3 October 2026.
- FPF confirma mudanças nas SAD de Moreirense, Tondela e Alverca para 2025/26 RTP (Lusa), News, 4 November 2025. Checked 3 October 2026.
- Wikidata Wikidata, Wikipedia / Wikidata. Checked 3 October 2026.
- Wikidata Wikidata, Wikipedia / Wikidata. Checked 3 October 2026.
- Wikidata Wikidata, Wikipedia / Wikidata. Checked 3 October 2026.
- 2026–27 Liga Portugal 2 Wikipedia (en), Wikipedia / Wikidata. Checked 3 October 2026.
- G.D. Chaves Wikipedia (en), Wikipedia / Wikidata. Checked 3 October 2026.
- Lista de clubes de futebol de Portugal Wikipedia (pt), Wikipedia / Wikidata. Checked 3 October 2026.
Also on Wikidata (Q543467).
