Financial results of Avaí are available in the Annual Reports at
http://www.avai.com.br/novo/patrimonio/balanco-patrimonial/. The results for the last few years (in BRL – Brazilian
Real and in USD (as per the exchange rate of 10 September 2018) may be summarized as
follows:
Apart from 2015, which presented a fairly atypical result, it is established that, when Avaí
plays in the Série A, the financial result is far more favourable. The budget gap between
playing Série A and Série B explains part of this phenomenon. When playing in the Série A, a
clubs budget more than doubles in relation to Série B.
This shows the importance for Avaí to become a stable member of Série A, and not be
constantly moving between the two leagues. But playing in Série A does not by itself solve the
financial deficit issues. It is necessary for Avaí to achieve a considerable increase of its
incomes.
Additionally the division of TV Rights in Brazil is very unfair and unfavourable to clubs who are
not ranked at the top. During the years Avaí played in Série A, on average, the club was
entitled to 10% of the budget, when compared to the best paid clubs in Série A. TV rights
represents a share of 50% to 65% of the annual budget for Avaí.
CBF and TV Globo, the holder of TV rights in Brazilian Football, have managed to create
more clear rules on the division of the rights, to be implemented from 2019 onwards. If Avaí
is able to increase its presence in Série A, especially pushing for a top 10 finish, it will be very
positive for the club sportively and, as a consequence, financially.