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
- Website
- moreirensefc.pt
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.
- 66.7%controlsBlack Knight Football Club UK LimitedSince May 2025, figure as of 16 October 2025Lusa/RTP round it to 70%; members approved on 31 May 2025 and the deal was announced on 18 June 2025. A natural person holds 19.85%.High confidenceSources: RTP (Lusa), Liga Portugal, Las Vegas Sports Biz
- 100%controlsBlack Knight Football and Entertainment, LP (Black Knight Football Club)Figure as of 16 October 2025FPF chain continues: Black Knight Football & Entertainment 'detida a 100% pela Cannae Holdings, Inc (cotada em bolsa)'.High confidenceSource: Liga Portugal
- Stake not knowncontrolsBill FoleyFigure as of October 2026Managing/general partner; economic stake not public.High confidenceSources: Black Knight Football Club, A-Leagues (Australian Professional Leagues)
- Stake not knownsignificantCannae Holdings, Inc.Since December 2022, figure as of October 2026Through Registered as >25%–50% PSC of Black Knight Football Club UK Limited (14396637), the partnership's UK holding company.High confidenceSources: Companies House, Black Knight Football Club
- Stake not knownminorityLoïc FérySince January 2026, figure as of 28 January 2026Became a BKFC shareholder when BKFC took 100% of Lorient; size not disclosed.High confidenceSource: FC Lorient
- 12.2%minority
The club’s members’ association is Moreirense Futebol Clube.
Changes of control
- 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
- 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
- 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
| Line | 2024-25Tier 1 · audited | 2023-24Tier 1 · audited | 2022-23Tier 2 · abridged accounts · audited | 2021-22Tier 1 · abridged accounts · audited | 2020-21Tier 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 | |||||
| Employees | 4565 | 4166 | 3767 | — | — |
Notes on 67 figures, in the accounts’ own words
- Revenue: Vendas e serviços prestados: sales €17,864, TV rights €3,600,000, other services €1,434,865 (note 11)
- Revenue: Sales €1,138.20, TV rights €550,000, other services €789,526.28 (note 7.2)
- Revenue: Sales €1,865.48, TV rights €3,600,000, other services €755,345.54 (note 7.2)
- Revenue: TV rights €4,400,000 and other services €389,087.55 (note 7.2)
- TV money: Direitos televisivos (note 11; Liga template)
- TV money: Receitas de televisão (Liga template)
- TV money: Direitos televisivos (note 7.2)
- 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
- 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
- League and federation distributions: Liga Portugal €25,000 and FPF €1,360.60 subsidies (note 13.3.7)
- Matchday: Receitas de bilheteira (Liga template)
- Sponsorship: Patrocínios, publicidade e corporate (Liga template)
- Commercial: Merchandising (Liga template)
- Subsidies: Subsídios à exploração (Liga template; €784,972 on the face)
- Subsidies: Betting share (jogos sociais) €368,711.86 and FPF €1,725 (note 13.3.7)
- Subsidies: Including the betting share (jogos sociais) €233,574.70
- Subsidies: Betting share (jogos sociais) €281,071.89 and FPF €1,658.90
- Other revenue: Outros rendimentos e ganhos, including the player-trading gains
- 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
- 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
- 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)
- Player sales: Rendimentos em investimentos não financeiros: the sale of players' rights (note 13.3.5), booked as gains (net of book value)
- Player sales: Rendimentos em investimentos não financeiros (net of book value); the footnote attributes €2,542,020.06 to the sale of players' rights
- Staff costs: Gastos com o pessoal (Liga template; €5,870,950 on the face)
- Wage bill: Remunerações do pessoal, before social charges and insurance (note 20.2)
- 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
- Wage bill: Remunerações do pessoal (note 13.3.4)
- Wage bill: Remunerações do pessoal
- Players' wages: Gastos com pessoal – equipa principal, incl. charges and insurance (Liga template)
- Players' wages: Gastos com pessoal – atletas, incl. charges and insurance (Liga template)
- Travel: Deslocações, estadas e transportes (note 23.2)
- Travel: Deslocações, estadas e transportes
- Player amortisation: Amortizações de direitos de atletas (Liga template; note 8)
- Player amortisation: Amortizações de direitos de atletas (note 8 and the Liga template)
- Player amortisation: Amortisation of players' registrations (note 5)
- Player amortisation: Note 5
- Player amortisation: Note 5; software €790.47 apart
- Other depreciation: Depreciation of tangible assets (Liga template; note 7)
- Other depreciation: Depreciation of tangible assets (Liga template)
- Other depreciation: Total depreciation and amortisation less the players' amortisation
- Other depreciation: Depreciation of tangible assets (note 4)
- Other depreciation: Total depreciation and amortisation less the players' amortisation (incl. software €790.47)
- 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)
- Result before tax: Liga template; €5,757,541 on the face
- Income tax: Liga template
- Net result: Liga template; €5,407,355 on the face
- Player registrations (book value): Ativos intangíveis – atletas (Liga template; all intangibles are players' registrations, note 8)
- Player registrations (book value): Ativos intangíveis: all players' registrations, net (note 8)
- Player registrations (book value): Ativos intangíveis: players' registrations (balance sheet; note 5 prints €585,328.15)
- Player registrations (book value): Ativos intangíveis: players' registrations (note 5)
- 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)
- Non-current liabilities: Provisões only
- Provisions: A competition-authority fine under appeal (note 12)
- Financial debt: Financiamentos obtidos, all current (face). The Liga template shows €1,871,441.62 owed to group entities and related parties, current
- Financial debt: Financiamentos obtidos: €809,941.46 non-current (from the club) and €750,000 current
- Financial debt: Financiamentos obtidos: €809,941.46 non-current and €750,000 current
- Financial debt: Financiamentos obtidos: €1,059,941.46 non-current and €500,000 current
- 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)
- Shareholder loans: Financiamentos obtidos from Moreirense Futebol Clube, holder of 75% (note 6)
- Cash from operations: From the 2023-2024 report's comparative (this report has no cash-flow statement)
- Cash from investing: 2023-2024 report's comparative
- Cash from financing: 2023-2024 report's comparative
- Net change in cash: 2023-2024 report's comparative
- Capital increase: Recebimentos de aumentos de capital: €125,000 capital and €3,050,000 share premium subscribed by Black Knight Football Club UK
- Employees: Average: 30 players, 6 coaches, 1 fitness coach, 1 sporting director, 1 head of scouting and 6 staff (note 20.1)
- Employees: Average: 27 players, 5 coaches, 1 fitness coach, 1 sporting director, 1 head of scouting and 6 staff (note 18.1)
- 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 year | Total | Records |
|---|---|---|
| 2025 | €432kpaid | 1 |
| 2024 | €20kpaid | 1 |
| 2023 | €220kpaid | 1 |
| 2022 | €220kpaid | 1 |
| 2021 | €220kpaid | 1 |
- 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
Season by season
- 2026-271Primeira Liga
- 2025-261Primeira Liga
- 2024-251Primeira Liga
- 2023-241Primeira Liga
- 2022-232Liga Portugal 2, champions
- 2021-221Primeira Liga, relegated
- 2020-211Primeira Liga
- 2019-201Primeira Liga
- 2018-191Primeira Liga
- 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 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
- Black Knight Football Club devient l'actionnaire unique du FC Lorient FC Lorient, Club, 28 January 2026. Checked 3 October 2026.
- Moreirense Futebol Clube - Futebol, SAD – Racius Racius, Database. Checked 4 October 2026.
- Centro de Resultados – Liga Portugal Betclic 2026-2027 Federação Portuguesa de Futebol, Federation. Checked 3 October 2026.
- Centro de Resultados – Liga Portugal Betclic: jornada Federação Portuguesa de Futebol, Federation. Checked 3 October 2026.
- Auckland preferred bidder: Black Knight / Bill Foley A-Leagues (Australian Professional Leagues), League, 11 October 2023. 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.
- Transparência – Informação comunicada 2025-26, data 15/07/2025 Liga Portugal, League, 15 July 2025. Checked 4 October 2026.
- Liga Portugal team record: Moreirense Futebol Clube – Futebol, SAD Liga Portugal, League. Checked 4 October 2026.
- Transparência – Informação comunicada, data 05/05/2025 (2024-25 Liga Portugal sports companies) Liga Portugal, League, 5 May 2025. Checked 4 October 2026.
- VGK owner Bill Foley's global soccer empire expands with acquisition of Portuguese soccer team Las Vegas Sports Biz, Local news, 18 June 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.
- Black Knight Football Club Owner. Checked 3 October 2026.
- BLACK KNIGHT FOOTBALL CLUB UK LIMITED (14396637) – persons with significant control Companies House, Company registry. 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.
- Moreirense Futebol Clube Wikipédia, Wikipedia / Wikidata. Checked 3 October 2026.
- 2026–27 Primeira Liga Wikipedia (en), Wikipedia / Wikidata. Checked 3 October 2026.
- Moreirense F.C. 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 (Q1346314).
