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41°22′ N 8°44′ W

Rio Ave FC

Tier 1Primeira LigaVila do Conde, Porto, PortugalOn the globe

Founded
18 January 1939
Ground
Estádio do Rio Ave FC5,300 seats · opened 1985
Full name
Rio Ave Futebol Clube
Website
rioavefc.pt

Who owns Rio Ave FC

Rio Ave FC is controlled by Evangelos Marinakis, through RAH Sports Investments, Limited (80%).

Owned by a multi-club groupOwner based abroad: Greece

From the pitch to the top

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

Fields the first teamRio Ave Futebol Clube - Futebol, SADSAD (sports public limited company), Portugal, NIPC 510687717

The club’s members’ association is Rio Ave Futebol Clube.

Part of a multi-club groupEvangelos Marinakis clubs (Olympiacos, Nottingham Forest, Rio Ave)3 clubs

Changes of control

  1. August 2024

    RAH Sports Investments, Limited took control (80%) from Rio Ave Futebol Clube.

    The members approved the creation of the SAD in November 2023; RAH Sports Investments (Evangelos Marinakis) acquired 80%.

    High confidenceSources: ECO, A Bola

  2. 27 May 2013

    Converted the club into a company.

    Rio Ave Futebol Clube - Futebol SAD (NIPC 510687717), the company that fields Rio Ave FC's first team in 2026-27, was incorporated on this date according to the registry data republished by racius; its founding club is Rio Ave 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

Rio Ave’s finances

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

Against its tier

Rio Ave's revenue of €5.72m is the 14th highest of the 17 Primeira Liga clubs with published accounts

In 2024-25 it spent €2.91 on staff for every €1 of revenue; the typical Primeira Liga club spent €0.94.

  • Rio Ave
  • 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. Rio Ave: Reported revenue €5.72m; player-sale gains already excluded. The scales are logarithmic.

Revenue€5.72m2024-25
Staff costs€16.7m2024-25
Net result−€19.3m2024-25
Equity
−€5.56m
accounts, 2024-25
Public money
€165k
paid, 2025, 4 records

The accounts

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

2024-25Tier 1 · audited2023-24Tier 12022-23Tier 1 · audited2021-22Tier 22020-21Tier 1
Profit and loss
Revenue€5.72m€5.82m€5.79m€1.25m€5.43m
TV money€5.04m1€5.15m2€5.15m2€1.04m3€4.20m2
League and federation distributions€171k4€38.9k5€44k6€196k4€58.1k7
UEFA money€580k8———€920k9
Matchday€197k10€119k€111k10€27.4k10—
Sponsorship€282k11€424k€404k11€137k11€1.23m11
Commercial€93.6k12€132k€127k13€48.6k13—
Subsidies€19.3k€9,494€20.5k€3,801€13.8k
Other revenue€2.15m€5.54m€1.90m€5.58m€9.00m
Player sales€265k14€4.57m15€50k16€3.62m17€7.10m18
Staff costs€16.7m€10.3m€9.05m€6.42m€10.4m
Wage bill€12.1m19€8.14m€6.86m20€4.71m20€7.25m
Other operating costs€4.15m€2.50m€2.27m€2.28m€3.48m
Player amortisation€4.27m21€1.45m22€968k23€2.55m24—
Other depreciation€396k25€384k26€373k27€328k28—
Operating result−€18.6m−€5.78m−€7.45m−€5.96m−€1.27m
Financial result−€716k29−€85.7k30−€357k31−€103k31−€350k
Result before tax−€19.3m−€5.86m−€7.81m−€6.06m−€1.62m
Income tax€9,466€0€0€0—
Net result−€19.3m−€5.86m−€7.81m−€6.06m−€1.62m
Balance sheet
Total assets€24.3m€15.2m€8.96m€15.5m€24.6m
Non-current assets€18.7m€12.2m€5.63m€6.85m€14.6m
Player registrations (book value)€15.1m32€8.47m33€1.69m34€3.52m35—
Property and equipment€3.64m€3.67m€3.77m€3.30m€3.01m
Current assets€5.54m€3.06m€3.33m€8.65m€10.0m
Transfer fees receivable€036€468k36€1.20m37€5.10m38€11.7m39
Cash€3.49m€1.49m€1.26m€2.32m€3.37m
Equity−€5.56m−€9.28m−€4.41m€3.39m€9.45m
Share capital€1.25m€1.25m€250k€250k€250k
Liabilities€29.8m€24.5m€13.4m€12.1m€15.2m
Non-current liabilities€9.65m€8.78m€2.53m€1.24m€3.58m
Current liabilities€20.2m€15.7m€10.8m€10.9m€11.6m
Provisions€692k€692k———
Financial debt€5.51m40€5.95m41€3.91m42€3.58m42€7.12m43
Tax and social security debt€990k€548k€743k€598k€363k
Transfer fees payable€15.6m44€12.2m45€3.42m46€3.47m47€3.53m48
Cash flow
Cash from operations−€13.8m−€3.69m€807k€3.78m€2.51m
Cash from investing−€6.07m€765k−€1.84m−€1.20m−€3.24m
Cash from financing€22.1m€2.91m−€32k−€3.64m€1.52m
Net change in cash€2.25m−€16.5k−€1.06m−€1.05m€784k
Money from owners
Capital increase€23.1m49€1.00m50———
Owner contributions€23.1m51————
Transfers and people
Employees1335210310553955495
Notes on 54 figures, in the accounts’ own words
  1. TV money: Direitos de transmissão (income statement detail)
  2. TV money: Direitos de transmissão
  3. TV money: Direitos de transmissão (€4,200,000 in 2020-21, a Liga 1 season)
  4. League and federation distributions: Participação nas competições nacionais, in outros rendimentos (note 23)
  5. League and federation distributions: Participação nas competições nacionais (note 23)
  6. League and federation distributions: Participação nas competições nacionais, in outros rendimentos (note 22)
  7. League and federation distributions: Participação nas competições nacionais
  8. UEFA money: Competições UEFA – solidariedade, booked in outros rendimentos (note 23)
  9. UEFA money: Participação nas competições europeias, in outros rendimentos (note 23)
  10. Matchday: Rendimentos de bilheteira
  11. Sponsorship: Patrocínio e publicidade
  12. Commercial: Atividades comerciais; merchandise sales €105,714.72 apart
  13. Commercial: Atividades comerciais
  14. Player sales: Venda de direitos desportivos: gross income from sales of registrations (note 23); €477,655.33 of disposals and write-offs in outros gastos
  15. Player sales: Venda de direitos desportivos: gross income from sales of registrations (note 23); €1,406,466.50 of disposals and write-offs in outros gastos
  16. Player sales: Venda de direitos desportivos: gross income (note 22); €2,151,169.25 of write-offs ('abates') in outros gastos
  17. Player sales: Venda de direitos desportivos: gross income from sales of registrations (note 23); €1,048,789.06 of write-offs ('abates') in outros gastos
  18. Player sales: Venda de direitos desportivos: gross income (note 23); €375,226.53 of write-offs in outros gastos
  19. Wage bill: Remunerações do pessoal (note 21)
  20. Wage bill: Remunerações do pessoal (note 20)
  21. Player amortisation: amortisation of players' registrations in the year (note 6)
  22. Player amortisation: note 6
  23. Player amortisation: amortisation of players' registrations (note 6)
  24. Player amortisation: amortisation of players' registrations (the 2022-2023 report's note 6)
  25. Other depreciation: Ativos fixos tangíveis €391,118.37 and development projects €5,151.27 (notes 5, 6 and 25)
  26. Other depreciation: tangible €377,700.12 and development projects €6,206.02
  27. Other depreciation: tangible €367,201.13, development projects €5,777.99 and other intangibles €6.77 (notes 6 and 24)
  28. Other depreciation: tangible €298,079.74, development projects €6,926.81 and other intangibles €22,497.75 (notes 25 and the 2022-2023 report's note 6)
  29. Financial result: Juros obtidos €16,745.59 less juros suportados €733,155.51
  30. Financial result: Juros obtidos €115,896.16 less juros suportados €201,599.08
  31. Financial result: Juros e gastos similares suportados; no interest income
  32. Player registrations (book value): Outros ativos intangíveis – jogadores: gross €19,205,425.01 less accumulated amortisation €4,152,226.29 (note 6); intangibles €15,059,775.44 in all
  33. Player registrations (book value): gross €9,318,109.74 less accumulated amortisation €848,473.05 (note 6)
  34. Player registrations (book value): jogadores: gross €2,841,103.89 less accumulated amortisation €1,154,411.26 (note 6); intangibles €1,692,383.24 in all
  35. Player registrations (book value): jogadores: gross €4,271,019.38 less accumulated amortisation €752,923.53 (the 2022-2023 report's note 6); intangibles €3,525,504.58 in all
  36. Transfer fees receivable: Dívidas de terceiros relativos a transferência de jogadores
  37. Transfer fees receivable: Dívidas de terceiros relativos a transferência de jogadores: €144,500.00 non-current and €1,055,029.55 current
  38. Transfer fees receivable: Dívidas de terceiros relativos a transferência de jogadores (current)
  39. Transfer fees receivable: €6,384,000.00 non-current and €5,345,082.19 current
  40. Financial debt: Financiamentos obtidos: €424,305.56 non-current and €5,087,499.71 current
  41. Financial debt: €4,499,940.00 non-current and €1,452,788.00 current
  42. Financial debt: Financiamentos obtidos, current
  43. Financial debt: €2,584,000.00 non-current and €4,532,666.66 current
  44. Transfer fees payable: Dívidas pagáveis relativos a transferência de jogadores: €8,530,450.00 non-current and €7,086,234.11 current
  45. Transfer fees payable: €3,591,087.73 non-current and €8,650,934.42 current
  46. Transfer fees payable: Dívidas pagáveis relativos a transferência de jogadores: €2,519,876.18 non-current and €899,001.95 current
  47. Transfer fees payable: Dívidas pagáveis relativos a transferência de jogadores: €1,207,500 non-current and €2,266,500 current
  48. Transfer fees payable: €950,000.00 non-current and €2,582,816.06 current
  49. Capital increase: Realizações de capital e de outros instrumentos de capital próprio (cash flow statement)
  50. Capital increase: Realizações de capital (cash flow statement)
  51. Owner contributions: Outros instrumentos de capital próprio
  52. Employees: average (note 21.1)
  53. Employees: average, of whom 45 players (note 20.1)
  54. Employees: average (note 20.1)

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

League figures, wage bills, budgets and public money 17 records
Public money, season or yearTotalRecords
2025€165kpaid4
2024€157kpaid3
2023€154kpaid3
2022€151kpaid3
2021€140kpaid4
  • 2025€54kpaid from MUNICÍPIO DE VILA DO CONDE: PROGRAMA DE DESENVOLVIMENTO DESPORTIVO - JANEIRO A AGOSTO 2025. Source: Inspeção-Geral de Finanças
  • 2025€54kpaid from MUNICÍPIO DE VILA DO CONDE: PROGRAMA DE DESENVOLVIMENTO DESPORTIVO - JANEIRO A AGOSTO 2025 -2ª tranche. Source: Inspeção-Geral de Finanças
  • 2025€28.7kpaid from MUNICÍPIO DE VILA DO CONDE: PROGRAMA DE DESENVOLVIMENTO DESPORTIVO 2025/2026 - SETEMBRO A DEZEMBRO DE 2025 - 2ªTRANCHE. Source: Inspeção-Geral de Finanças
  • 2025€28kpaid from MUNICÍPIO DE VILA DO CONDE: PROGRAMA DE DESENVOLVIMENTO DESPORTIVO 2025/2026 - SETEMBRO A DEZEMBRO DE 2025 - 1ªTRANCHE. Source: Inspeção-Geral de Finanças
  • 2024€54kpaid from MUNICÍPIO DE VILA DO CONDE: ROGRAMA DESENVOLVIMENTO DESPORTIVO 2024/2025. Source: Inspeção-Geral de Finanças
  • 2024€51.5kpaid from MUNICÍPIO DE VILA DO CONDE: PROGRAMA DE DESENVOLVIMENTO DESPORTIVO 2024 - 2.º TRANCHE. Source: Inspeção-Geral de Finanças
  • 2024€51.5kpaid from MUNICÍPIO DE VILA DO CONDE: PROGRAMA DE DESENVOLVIMENTO DESPORTIVO 2024 - 1.ª TRANCHE. Source: Inspeção-Geral de Finanças
  • 2023€51.5kpaid from MUNICÍPIO DE VILA DO CONDE: PROGRAMA DE DESENVOLVIMENTO DESPORTIVO 2023 /2024. Source: Inspeção-Geral de Finanças

Where Rio Ave has played

12RAH Sports Investments, L…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. 2022-231Primeira Liga
  6. 2021-222Liga Portugal 2, champions
  7. 2020-211Primeira Liga, relegated
  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 accountsRio Ave Futebol Clube - Futebol, SAD (Rio Ave 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-rio-ave-2024-rah (control, 80%, 2024-08).
Sources17

Also on Wikidata (Q622432).

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