The total budget would be decreased by around €6 million to around €24-25 million, €16 million of which would be for player salaries, to account for EuroLeague Bylaws which state that players' salaries must command no more than 65% of the total budget and a single shareholder can bring in no more than 50% of the total budget.
After their first season in the EuroLeague after a 15-year break, Virtus Segafredo Bologna are about to make changes to their budget to fit within the competition's regulations.
According to Luca Aquino from the Italian newspaper Il Corriere di Bologna, the organization is planning to make a €6 million cut in the upcoming year.
This comes from the regulations in EuroLeague bylaws that currently state that no more than 65% of the total budget can be allocated to player salaries, including image rights, compensation for early terminations, bonuses, etc.
At the same time, no more than 50% of the organization's budget can be contributed by a single shareholder, shrinking from 55% in the 2021-22 EuroLeague season.
With Virtus already planning to play in the EuroLeague, although nothing's been officialized so far, the budget would be decreased to €24-25 million with €16 million remaining for player salaries.
Virtus played in the 2022-23 EuroLeague as the champions of the EuroCup. They would compete in the next season's tournament as a wild card if they are selected.
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