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32°39′ N 16°56′ W

CS Marítimo

Tier 1Primeira LigaFunchal, Madeira, PortugalOn the globe

Founded
1910
Ground
Estádio do Marítimo10,600 seats · opened 1957
Full name
Club Sport Marítimo
Website
csmaritimo.org.pt

Who owns CS Marítimo

CS Marítimo's football company is controlled by the club's members' association, Clube Sport Marítimo da Madeira (91.1%).

Members in control, investors hold a stake

From the pitch to the top

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

Fields the first teamMarítimo da Madeira - Futebol, SADSAD (sports public limited company), Portugal, NIPC 511124724

The club’s members’ association is Clube Sport Marítimo da Madeira.

Changes of control

  1. 10 July 2025

    A buyer bought a minority stake (40%), collapsed.

    A Brazilian investor's proposal put to the members in July 2025: 40% at once, 11% more on promotion to Liga 1 and 9% more on qualifying for Europe. In October 2025 Record reported that the SAD was looking for a new investor after the Revee group presented no guarantees.

    • Proposal (40%)€15.0mreported
    • Proposal (11%)€4.13mreported
    • Proposal (9%)€3.38mreported

    Medium confidenceSources: Record, Record

    What the source says
    Assim, a compra inicial é de 40 por cento do capital social, por 15 milhões de euros.

Marítimo’s finances

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

Against its tier

Marítimo's revenue of €1.05m is the 9th highest of the 14 Liga Portugal 2 clubs with published accounts

In 2024-25 it spent €6.86 on staff for every €1 of revenue; the typical Liga Portugal 2 club spent €3.45.

  • Marítimo
  • Other Liga Portugal 2 clubs
Revenue14 clubs
Staff per €1 of revenue13 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. Marítimo: Reported revenue €1.05m; player-sale gains already excluded. The scales are logarithmic.

Revenue€1.05m2024-25
Staff costs€7.20m2024-25
Net result−€2.30m2024-25
Equity
€12.5m
accounts, 2024-25
Public money
€3.62m
paid, 2025, 22 records

The accounts

Marítimo da Madeira - Futebol, SAD, the entity that fields the team · 2020-21 to 2024-25

2024-25Tier 22023-24Tier 22022-23Tier 1 · audited2021-22Tier 12020-21Tier 1
Profit and loss
Revenue€1.05m€950k€9.07m€9.30m€8.83m
Matchday€71.6k1€82.9k2€315k2€158k2€5613
Sponsorship€802k4€810k5€7.51m6€7.98m6€8.53m7
Subsidies€1.17m€939k€1.99m€1.89m€2.15m
Other revenue€4.44m€4.14m€3.34m€3.02m€3.99m
Player sales€661k8€2.11m9€2.89m10€831k11€3.15m12
Staff costs€7.20m€6.93m€10.0m€6.86m€6.99m
Players' wages€4.42m13€4.36m13€6.65m13€4.85m13€5.18m13
Other operating costs€2.19m€2.71m€5.04m€4.24m€3.92m
Player amortisation€426k14€529k14€529k14€664k14€525k14
Other depreciation€58.8k15€50.8k16€40.8k17€162k18€157k19
Operating result−€2.27m−€4.44m−€276k€1.57m€2.78m
Financial result−€29.8k20−€55.3k21−€70.7k21−€6,03122−€32.4k21
Result before tax−€2.30m−€4.50m−€347k€1.56m€2.75m
Income tax€0€0−€8,32323€175k€698k
Net result−€2.30m−€4.50m−€339k€1.39m€2.05m
Balance sheet
Total assets€17.1m€21.6m€28.6m€29.4m€29.0m
Non-current assets€14.0m24€19.2m25€20.4m26€20.6m27€11.6m28
Player registrations (book value)€469k29€670k30€585k30€512k30€286k30
Property and equipment€737k€727k€741k€752k€824k
Current assets€3.09m€2.35m€8.15m€8.83m€17.4m
Transfer fees receivable€725k31€802k32€1.84m32€1.01m32€1.24m32
Cash€400k€150k€2.39m€6.75m€15.1m
Equity€12.5m€14.8m€21.1m€21.5m€20.2m
Share capital€1.00m€1.00m€1.00m€1.00m€1.00m
Liabilities€4.52m€6.73m€7.50m€7.91m€8.82m
Non-current liabilities€665k€2.48m€2.75m€3.45m€3.78m
Current liabilities€3.85m€4.25m€4.75m€4.45m€5.05m
Provisions€312k€2.06m€2.23m€2.74m€2.91m
Financial debt€73.4k33€165k34€257k35€449k36€508k37
Tax and social security debt€545k38€503k39€693k40€786k41€850k42
Transfer fees payable€190k43€565k43€225k44€345k45€19.6k43
Cash flow
Cash from operations−€3.96m−€2.72m−€3.95m€1.25m€5.51m
Cash from investing−€650k−€703k−€475k−€952k−€1.32m
Cash from financing€4.88m46€1.23m€133k−€8.78m47€2.89m48
Net change in cash€274k−€2.20m−€4.29m−€8.48m€7.08m49
Transfers and people
Employees90508951107521015310154
Notes on 54 figures, in the accounts’ own words
  1. Matchday: Proveitos de bilheteira; season seats €102,992 are in 'outros' sales
  2. Matchday: Proveitos de bilheteira
  3. Matchday: Proveitos de bilheteira (matches behind closed doors)
  4. Sponsorship: Publicidade e patrocínios (note 9)
  5. Sponsorship: Publicidade e patrocínios (note 9); the report says the fall from €7.51m reflects lost TV rights, so in Liga 1 this line carried them
  6. Sponsorship: Publicidade e patrocínios (note 9), which in this Liga 1 season included TV rights (2023-24 report)
  7. Sponsorship: Publicidade e patrocínios (note 9), which in Liga 1 included TV rights (2023-24 report)
  8. Player sales: Transferências de atletas in outros rendimentos: gross income from transfers (the book value written off is in outros gastos); loan fees ('cedências de atletas') of €2,509,889 are also in outros rendimentos
  9. Player sales: Transferências de atletas in outros rendimentos: gross income from transfers
  10. Player sales: Gross income from 'cedências de atletas': €1,145,493 in sales and €1,743,281 in outros rendimentos (the July 2023 transfers the auditor objected to)
  11. Player sales: Cedências de atletas in sales: gross income from transfers and loans (the book value written off is in outros gastos); none in outros rendimentos
  12. Player sales: Cedências de atletas: €102,800 in sales and €3,045,638 in outros rendimentos, gross income from transfers and loans (the book value written off is in outros gastos)
  13. Players' wages: Gastos com o pessoal – atletas (note 15.3)
  14. Player amortisation: Amortizações do exercício – atletas (note 7)
  15. Other depreciation: Other intangibles €12,739 and tangible assets €46,095 (notes 7 and 8)
  16. Other depreciation: Other intangibles €9,622 and tangible assets €41,147 (notes 7 and 8)
  17. Other depreciation: Other intangibles €1,556 and tangible assets €39,279 (notes 7 and 8)
  18. Other depreciation: Other intangibles €5,579 and tangible assets €156,066 (notes 7 and 8)
  19. Other depreciation: Other intangibles €8,338 and tangible assets €148,672 (notes 7 and 8)
  20. Financial result: Juros e gastos similares suportados (incl. exchange losses €23,505); interest received of €112,880 is booked in outros rendimentos
  21. Financial result: Juros e gastos similares suportados
  22. Financial result: Juros e gastos similares suportados; interest of €48 received is in outros rendimentos
  23. Income tax: A tax credit
  24. Non-current assets: Incl. €12,745,148 lent to Grupo Marítimo entities, mainly Club Sport Marítimo
  25. Non-current assets: Incl. €17,807,822 lent to Grupo Marítimo entities
  26. Non-current assets: Incl. €19,093,989 lent to Grupo Marítimo entities
  27. Non-current assets: Incl. créditos a receber of €19,286,343, mostly loans to Club Sport Marítimo and other group entities
  28. Non-current assets: Incl. créditos a receber of €10,474,971, mostly loans to Club Sport Marítimo and other group entities
  29. Player registrations (book value): Ativos intangíveis – atletas, net (note 7); other intangibles €14,303
  30. Player registrations (book value): Ativos intangíveis – atletas, net (note 7)
  31. Transfer fees receivable: Clientes relacionados com transferências de jogadores, before impairment (€313,805 on all clients)
  32. Transfer fees receivable: Clientes relacionados com transferências de jogadores, before impairment
  33. Financial debt: Financiamentos obtidos, current; nil non-current
  34. Financial debt: Financiamentos obtidos: €70,591 non-current and €94,198 current
  35. Financial debt: Financiamentos obtidos: €163,962 non-current and €93,019 current
  36. Financial debt: Financiamentos obtidos: €352,054 non-current and €97,371 current
  37. Financial debt: Financiamentos obtidos: €491,251 non-current and €16,504 current
  38. Tax and social security debt: Estado e outros entes públicos: €352,970 non-current (Plano Mateus) and €192,313 current
  39. Tax and social security debt: Estado e outros entes públicos: €352,970 non-current and €150,528 current
  40. Tax and social security debt: Estado e outros entes públicos: €352,970 non-current and €339,849 current
  41. Tax and social security debt: Estado e outros entes públicos: €352,970 non-current (Plano Mateus) and €432,949 current
  42. Tax and social security debt: Estado e outros entes públicos: €352,970 non-current (Plano Mateus) and €496,957 current
  43. Transfer fees payable: Fornecedores relacionados com transferências de jogadores
  44. Transfer fees payable: Relacionados com transferências de jogadores: fornecedores €105,250 and outras dívidas a pagar €120,000
  45. Transfer fees payable: Relacionados com transferências de jogadores: fornecedores €259,600 and outras dívidas a pagar €85,600
  46. Cash from financing: Mostly 'outras operações de financiamento' €4,995,709
  47. Cash from financing: Mostly 'outras operações de financiamento' −€8,811,372
  48. Cash from financing: Incl. 'outras operações de financiamento' €2,459,119 received
  49. Net change in cash: As printed; the three flows sum to €7,079,912 (rounding)
  50. Employees: Average, 'aproximadamente 90 pessoas': 52 players, 27 staff, 8 coaches, 3 directors
  51. Employees: Average, 'aproximadamente 89 pessoas': 54 players, 25 staff, 7 coaches, 3 directors
  52. Employees: Average, 'aproximadamente 107 pessoas': 68 players, 23 staff, 13 coaches, 3 directors
  53. Employees: Average, 'aproximadamente, 101 pessoas': 3 directors, 22 staff, 65 players, 11 coaches
  54. Employees: Average, 'aproximadamente, 20 funcionários, 72 jogadores e 9 técnicos'

2024-25: Source: CS Marítimo (Internet Archive copy)2023-24: Source: CS Marítimo (Internet Archive copy)2022-23: Sources: CS Marítimo (Internet Archive copy), CS Marítimo (Internet Archive copy)2021-22: Source: CS Marítimo (Internet Archive copy)2020-21: Source: CS Marítimo (Internet Archive copy)

League figures, wage bills, budgets and public money 105 records
Public money, season or yearTotalRecords
2025€3.62mpaid22
2024€3.39mpaid21
2023€3.63mpaid24
2022€4.42mpaid29
2021€44.3kpaid9
  • 2025€1.50mpaid from SECRETARIA REGIONAL DE EDUCAÇÃO, CIÊNCIA E TECNOLOGIA: Empreitada de Construção do Novo Estádio dos Barreiros. Source: Inspeção-Geral de Finanças
  • 2025€594kpaid from SECRETARIA REGIONAL DE EDUCAÇÃO, CIÊNCIA E TECNOLOGIA: Apoio à Atividade - PRAD - Época 2025/2026 - 1.ª à 6.ª Prestação. Source: Inspeção-Geral de Finanças
  • 2025€550kpaid from SECRETARIA REGIONAL DE EDUCAÇÃO, CIÊNCIA E TECNOLOGIA: Apoio à Atividade - PRAD - Época 2024/2025 - 7.ª à 12.ª Prestação. Source: Inspeção-Geral de Finanças
  • 2025€181kpaid from SECRETARIA REGIONAL DE EDUCAÇÃO, CIÊNCIA E TECNOLOGIA: Deslocações - PRAD - Época 2025/2026 - 1.ª à 6.ª Prestação. Source: Inspeção-Geral de Finanças
  • 2025€139kpaid from SECRETARIA REGIONAL DE EDUCAÇÃO, CIÊNCIA E TECNOLOGIA: Competição Desportiva Regional - PRAD - Época 2024/2025 - 1.ª à 6.ª Prestação. Source: Inspeção-Geral de Finanças
  • 2025€101kpaid from SECRETARIA REGIONAL DE EDUCAÇÃO, CIÊNCIA E TECNOLOGIA: Apoio à Atividade - PRAD - Época 2024/2025 - 7.ª à 12.ª Prestação. Source: Inspeção-Geral de Finanças
  • 2025€97.8kpaid from MUNICÍPIO DO FUNCHAL: TORNEIO MARITIMO CENTENÁRIO 10/TORNEIO ANDEBOL LEOEZINHOS/NOVO RELVADO SINTÉTICO/GALA MUAY YHAI/JOVEM ATLETA. Source: Inspeção-Geral de Finanças
  • 2025€95.2kpaid from SECRETARIA REGIONAL DE EDUCAÇÃO, CIÊNCIA E TECNOLOGIA: Deslocações - PRAD - Época 2024/2025 - 7.ª à 12.ª Prestação. Source: Inspeção-Geral de Finanças

Where Marítimo has played

1216-1718-1920-2122-2324-2526-27
Season by season
  1. 2026-271Primeira Liga
  2. 2025-262Liga Portugal 2, champions
  3. 2024-252Liga Portugal 2
  4. 2023-242Liga Portugal 2
  5. 2022-231Primeira Liga, relegated
  6. 2021-221Primeira Liga
  7. 2020-211Primeira Liga
  8. 2019-201Primeira Liga
  9. 2018-191Primeira Liga
  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 accountsMarítimo da Madeira - Futebol, SAD (CS Marítimo'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.
Sources13

Also on Wikidata (Q216503).

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