Athletic Club President Jon Uriarte has defended his project, and claimed that if it were not for the arrival on Saudi Arabian side Al Nassr, Los Leones would have made a star signing this summer.

According to Uriarte, ‘Laporte would be an Athletic player now’ had he not received a major offer from the Middle East. The former Manchester City and Spain star made the switch this summer, despite Athletic making a pitch to him.

Outside of that proposal, Uriarte presented the club budgets amid austerity measures, which were passed by 324 votes to 152, and 23 blank votes. The budget for the past season was passed with an increase of €10m in expenses, and €9m in income, leaving a deficit of €9m. This is still €5m better than last season.

For the coming season, €133.6m in expenses are expected to €128.7m in expenses, leaving a total deficit of €16.6m over the two seasons, which will be covered by the club surplus from previous seasons. The cost of the playing personal rose by €5m, despite the departure of Inigo Martinez.

There was also criticism for Uriarte over the management of finances though, claiming a lack of transparency, including over the deal to sign Ander Herrera.

Uriarte defended the project, pointing out that he was trying to make the club sustainable in the face of losses over recent seasons.

“We want to have the best squad possible in this market. The objective is obvious: to attract and retain the elite footballer, with a project and a unique model in elite football. For that we needed to optimise the salary structure according to the sporting performance and the professional moment that each person is in,” he asserted, as covered by Relevo.

More must-reads:

TODAY'S BEST
USWNT coach Emma Hayes instilling right mindset ahead of Olympics
Winnipeg Jets officially name head coach
Injury bug bites Orioles again as another starting pitcher lands on IL
Yankees' Hal Steinbrenner under fire over Juan Soto comments
Lonzo Ball shares eye-opening details about his knee injury
Jets QB Aaron Rodgers insists focus has been football, not politics
Hurricanes general manager steps down, leaving front office in flux
Travis Kelce echoes Patrick Mahomes in response to controversial kicker
Cowboys QB Trey Lance details how he has changed since 49ers stint
Historic NCAA settlement reached allowing schools to pay players
Celtics dominate Pacers in Game 2, take 2-0 ECF lead
Cavaliers fire head coach J.B. Bickerstaff
Connor McDavid's 2OT goal gives Oilers win over Stars in Game 1
Rob Manfred hints at big change coming to MLB
Scottie Scheffler arrest case takes another weird turn with new video
QB Russell Wilson believes Steelers can 'do something special'
Pacers star suffers injury in ugly Game 2 loss
Watch: Jaylen Brown's big second quarter lifts Celtics to halftime lead
Broncos HC Sean Payton raves about one QB's progress at OTAs
North Carolina basketball snags instant-impact player via transfer portal