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41°23′ N 8°21′ W

Moreirense FC

Tier 1Primeira LigaMoreira de Cónegos, Guimarães, Braga, PortugalOn the globe

Founded
1938
Ground
Estádio Comendador Joaquim de Almeida Freitas6,150 seats · opened 2002
Full name
Moreirense Futebol Clube

Who owns Moreirense FC

Moreirense FC is controlled by Bill Foley, through Black Knight Football Club UK Limited (66.7%).

Owned by a multi-club groupOwner based abroad: United States

From the pitch to the top

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

Fields the first teamMoreirense Futebol Clube – Futebol, SADSAD (sports public limited company), Portugal, NIPC 510676472

The club’s members’ association is Moreirense Futebol Clube.

Changes of control

  1. July 2025

    Black Knight Football Club UK Limited took control (66.7%).

    Members approved on 31 May 2025. The club held 75% and a natural person 21.2% in Liga Portugal's edition of 5 May 2025; from 15 Jul 2025 Black Knight holds 66.67%, the club 12.18% and the natural person 19.85%.

    High confidenceSources: RTP (Lusa), Liga Portugal, Las Vegas Sports Biz, Liga Portugal

  2. 23 May 2013

    Converted the club into a company.

    Moreirense Futebol Clube - Futebol, SAD (NIPC 510676472), the company that fields Moreirense FC's first team in 2026-27, was incorporated on this date according to the registry data republished by racius; its founding club is Moreirense Futebol Clube. Its legal form may have changed since (several clubs' companies were created as SDUQs in 2013 and later became SADs).

    Medium confidenceSource: Racius

Moreirense’s finances

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

Against its tier

Moreirense's revenue of €5.05m is the 17th highest of the 17 Primeira Liga clubs with published accounts

In 2024-25 it spent €1.16 on staff for every €1 of revenue; the typical Primeira Liga club spent €0.94.

  • Moreirense
  • Other Primeira Liga clubs
Revenue17 clubs
Staff per €1 of revenue17 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. Moreirense: Reported revenue €5.05m; player-sale gains already excluded. Vendas e serviços prestados: sales €17,864, TV rights €3,600,000, other services €1,434,865 (note 11). The scales are logarithmic.

Revenue€5.05m2024-25
Staff costs€5.87m2024-25
Net result€5.41m2024-25
Equity
€13.9m
accounts, 2024-25
Public money
€432k
paid, 2025, 1 records

The accounts

Moreirense Futebol Clube – Futebol, SAD, the entity that fields the team · 2020-21 to 2024-25

Line2024-25Tier 1 · audited2023-24Tier 1 · audited2022-23Tier 2 · abridged accounts · audited2021-22Tier 1 · abridged accounts · audited2020-21Tier 1 · abridged accounts
Profit and loss
Revenue€5.05m1€4.47m€1.34m2€4.36m3€4.79m4
TV money€3.60m5€3.60m6€550k7€3.60m7€4.40m
League and federation distributions€445k8€354k9—€26.4k10—
Matchday€209k11€295k11———
Sponsorship€599k12€530k12———
Commercial€17.9k13€2,75613———
Subsidies€785k14€684k€370k15€260k16€283k17
Other revenue€8.73m18€1.66m€2.79m€4.91m€2.87m
Player sales€8.00m19€1.39m20€2.06m21€4.10m22€2.54m23
Staff costs€5.87m24€5.45m€3.95m€5.38m€4.70m
Wage bill€4.64m25€4.31m26€3.11m27€4.35m28€3.69m
Players' wages€4.96m29€4.59m30———
Other operating costs€1.67m€1.50m€1.32m€1.03m€1.28m
Travel€282k31€203k32€203k32€158k€116k
Player amortisation€612k33€868k34€542k35€1.03m36€1.13m37
Other depreciation€292k38€290k39€194k40€89.6k41€80.4k42
Operating result€5.76m43−€1.45m€696k€1.89m−€2.27m
Result before tax€5.76m44−€1.45m€696k€1.89m−€2.27m
Income tax€350k45€9,235€16.7k€5,680€2,956
Net result€5.41m46−€1.46m€680k€1.88m−€2.27m
Balance sheet
Total assets€19.7m€9.41m€10.8m€11.1m€8.93m
Non-current assets€8.13m€6.96m€5.93m€6.16m€7.09m
Player registrations (book value)€1.06m47€1.06m48€585k49€1.03m50€2.35m
Property and equipment€7.07m€5.90m€5.35m€5.13m€4.74m
Current assets€11.5m€2.45m€4.88m€4.90m€1.84m
Transfer fees receivable€5.38m51————
Cash€3.31m€1.37m€2.29m€1.37m€1.37m
Equity€13.9m€5.35m€6.81m€6.13m€4.25m
Share capital€1.13m€1.00m€1.00m€1.00m€1.00m
Liabilities€5.73m€4.07m€4.01m€4.93m€4.68m
Non-current liabilities€50k52€1.17m€1.17m€1.20m€1.45m
Current liabilities€5.68m€2.90m€2.84m€3.74m€3.24m
Provisions€50k53€360k€360k€388k€388k
Financial debt€1.56m54€1.56m55€1.56m56€1.56m56€1.56m57
Tax and social security debt€591k€234k€176k€169k€511k
Transfer fees payable€1.32m58————
Shareholder loans—€810k59———
Cash flow
Cash from operations−€1.67m−€2.22m−€4.81m60——
Cash from investing€428k€1.30m€5.74m61——
Cash from financing€3.17m€0€062——
Net change in cash€1.93m−€923k€928k63——
Money from owners
Capital increase€3.17m64————
Transfers and people
Employees456541663767——
Notes on 67 figures, in the accounts’ own words
  1. Revenue: Vendas e serviços prestados: sales €17,864, TV rights €3,600,000, other services €1,434,865 (note 11)
  2. Revenue: Sales €1,138.20, TV rights €550,000, other services €789,526.28 (note 7.2)
  3. Revenue: Sales €1,865.48, TV rights €3,600,000, other services €755,345.54 (note 7.2)
  4. Revenue: TV rights €4,400,000 and other services €389,087.55 (note 7.2)
  5. TV money: Direitos televisivos (note 11; Liga template)
  6. TV money: Receitas de televisão (Liga template)
  7. TV money: Direitos televisivos (note 7.2)
  8. League and federation distributions: Subsídios from the Federação Portuguesa de Futebol (note 13); the Liga template's 'Competições da UEFA e nacionais' line is €79,263.22 and the betting share (jogos sociais, Placard and online) €340,311
  9. League and federation distributions: Federação Portuguesa de Futebol subsidies (note 13); the Liga template's 'Competições da UEFA e nacionais' line is €14,888.33 and the betting share (jogos sociais) €322,794.49
  10. League and federation distributions: Liga Portugal €25,000 and FPF €1,360.60 subsidies (note 13.3.7)
  11. Matchday: Receitas de bilheteira (Liga template)
  12. Sponsorship: Patrocínios, publicidade e corporate (Liga template)
  13. Commercial: Merchandising (Liga template)
  14. Subsidies: Subsídios à exploração (Liga template; €784,972 on the face)
  15. Subsidies: Betting share (jogos sociais) €368,711.86 and FPF €1,725 (note 13.3.7)
  16. Subsidies: Including the betting share (jogos sociais) €233,574.70
  17. Subsidies: Betting share (jogos sociais) €281,071.89 and FPF €1,658.90
  18. Other revenue: Outros rendimentos e ganhos, including the player-trading gains
  19. Player sales: Rendimentos em investimentos não financeiros (note 23.3): €5,682,412 from the sale of players' rights and €2,320,000 of other gains on sporting rights, booked as gains, i.e. net of the registrations' book value. The Liga template splits it as transfers €5,682,411.66 (costs €4,500) and loans and other cessions €3,037,536.22
  20. Player sales: Rendimentos em investimentos não financeiros (note 20): €727,045.45 from the sale of players' rights and €665,000.00 of other gains on sporting rights, booked as gains, i.e. net of book value; the Liga template's 'rendimentos com transações de direitos de atletas' is €1,441,243.45 and loan fees €4,500
  21. Player sales: Rendimentos em investimentos não financeiros (note 13.3.5): €660,345 from the sale of players' rights and €1,399,000 of other gains on sporting rights, booked as gains (net of book value)
  22. Player sales: Rendimentos em investimentos não financeiros: the sale of players' rights (note 13.3.5), booked as gains (net of book value)
  23. Player sales: Rendimentos em investimentos não financeiros (net of book value); the footnote attributes €2,542,020.06 to the sale of players' rights
  24. Staff costs: Gastos com o pessoal (Liga template; €5,870,950 on the face)
  25. Wage bill: Remunerações do pessoal, before social charges and insurance (note 20.2)
  26. Wage bill: Sum of the Liga template's remuneration lines for players (€3,639,500.61), coaches (€419,806.05) and other staff (€251,464.57), before social charges
  27. Wage bill: Remunerações do pessoal (note 13.3.4)
  28. Wage bill: Remunerações do pessoal
  29. Players' wages: Gastos com pessoal – equipa principal, incl. charges and insurance (Liga template)
  30. Players' wages: Gastos com pessoal – atletas, incl. charges and insurance (Liga template)
  31. Travel: Deslocações, estadas e transportes (note 23.2)
  32. Travel: Deslocações, estadas e transportes
  33. Player amortisation: Amortizações de direitos de atletas (Liga template; note 8)
  34. Player amortisation: Amortizações de direitos de atletas (note 8 and the Liga template)
  35. Player amortisation: Amortisation of players' registrations (note 5)
  36. Player amortisation: Note 5
  37. Player amortisation: Note 5; software €790.47 apart
  38. Other depreciation: Depreciation of tangible assets (Liga template; note 7)
  39. Other depreciation: Depreciation of tangible assets (Liga template)
  40. Other depreciation: Total depreciation and amortisation less the players' amortisation
  41. Other depreciation: Depreciation of tangible assets (note 4)
  42. Other depreciation: Total depreciation and amortisation less the players' amortisation (incl. software €790.47)
  43. Operating result: The face's shaded box is barely legible; the statement has no financing lines, so it equals the result before tax (Liga template)
  44. Result before tax: Liga template; €5,757,541 on the face
  45. Income tax: Liga template
  46. Net result: Liga template; €5,407,355 on the face
  47. Player registrations (book value): Ativos intangíveis – atletas (Liga template; all intangibles are players' registrations, note 8)
  48. Player registrations (book value): Ativos intangíveis: all players' registrations, net (note 8)
  49. Player registrations (book value): Ativos intangíveis: players' registrations (balance sheet; note 5 prints €585,328.15)
  50. Player registrations (book value): Ativos intangíveis: players' registrations (note 5)
  51. Transfer fees receivable: Dívidas de SDs resultantes de transferências de atletas: €119,695.00 from clubs in the professional leagues and €5,259,890.22 from others, all current (Liga template)
  52. Non-current liabilities: Provisões only
  53. Provisions: A competition-authority fine under appeal (note 12)
  54. Financial debt: Financiamentos obtidos, all current (face). The Liga template shows €1,871,441.62 owed to group entities and related parties, current
  55. Financial debt: Financiamentos obtidos: €809,941.46 non-current (from the club) and €750,000 current
  56. Financial debt: Financiamentos obtidos: €809,941.46 non-current and €750,000 current
  57. Financial debt: Financiamentos obtidos: €1,059,941.46 non-current and €500,000 current
  58. Transfer fees payable: Dívidas a SDs resultantes de transferências de atletas: €1,221,750 to clubs in the professional leagues and €100,000 to others (Liga template)
  59. Shareholder loans: Financiamentos obtidos from Moreirense Futebol Clube, holder of 75% (note 6)
  60. Cash from operations: From the 2023-2024 report's comparative (this report has no cash-flow statement)
  61. Cash from investing: 2023-2024 report's comparative
  62. Cash from financing: 2023-2024 report's comparative
  63. Net change in cash: 2023-2024 report's comparative
  64. Capital increase: Recebimentos de aumentos de capital: €125,000 capital and €3,050,000 share premium subscribed by Black Knight Football Club UK
  65. Employees: Average: 30 players, 6 coaches, 1 fitness coach, 1 sporting director, 1 head of scouting and 6 staff (note 20.1)
  66. Employees: Average: 27 players, 5 coaches, 1 fitness coach, 1 sporting director, 1 head of scouting and 6 staff (note 18.1)
  67. Employees: Average: 26 players, 4 coaches, 1 fitness coach, 1 sporting director, 1 head of scouting and 4 staff

2024-25: Sources: Moreirense Futebol Clube – Futebol, SAD, Moreirense Futebol Clube – Futebol, SAD2023-24: Source: Moreirense Futebol Clube – Futebol, SAD2022-23: Sources: Moreirense Futebol Clube – Futebol, SAD, Moreirense Futebol Clube – Futebol, SAD2021-22: Source: Moreirense Futebol Clube – Futebol, SAD2020-21: Source: Moreirense Futebol Clube – Futebol, SAD

League figures, wage bills, budgets and public money 5 records
Public money, season or yearTotalRecords
2025€432kpaid1
2024€20kpaid1
2023€220kpaid1
2022€220kpaid1
2021€220kpaid1
  • 2025€432kpaid from MUNICÍPIO DE GUIMARÃES: Apoio à formação desportiva; Apoio para a regularização e licenciamento de infraestruturas. Source: Inspeção-Geral de Finanças
  • 2024€20kpaid from MUNICÍPIO DE GUIMARÃES: Apoio à formação desportiva. Source: Inspeção-Geral de Finanças
  • 2023€220kpaid from MUNICÍPIO DE GUIMARÃES: Apoio à formação desportiva; Contrução da Vila Desportiva. Source: Inspeção-Geral de Finanças
  • 2022€220kpaid from MUNICÍPIO DE GUIMARÃES: Construção da Vila Desportiva; Apoio à formação desportiva. Source: Inspeção-Geral de Finanças
  • 2021€220kpaid from Município de Guimarães: Construção da Vila Desportiva; Apoio à formação desportiva. Source: Inspeção-Geral de Finanças

Where Moreirense has played

12Black Knight Football Clu…16-1718-1920-2122-2324-2526-27
Season by season
  1. 2026-271Primeira Liga
  2. 2025-261Primeira Liga
  3. 2024-251Primeira Liga
  4. 2023-241Primeira Liga
  5. 2022-232Liga Portugal 2, champions
  6. 2021-221Primeira Liga, relegated
  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 accountsMoreirense Futebol Clube – Futebol, SAD (Moreirense FC's company) posted no annual report that could be found for 2025-26 (tier 1). 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.
  • The terms of a dealNo free source gives a price, capital commitment or other money term for pt-moreirense-2025-black-knight (control, 66.67%, 2025-07).
  • Who the shareholders areA natural person holds 19.85% of Moreirense FC'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.
Sources20

Also on Wikidata (Q1346314).

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