Saturday, October 1, 2022

Barcelona announces a profit of £86 million for the past year

The Catalan giants have just come through one of the most eventful summers in their history, with the club needing to significantly improve their financial situation in order to meet La Liga regulations.

Barcelona had to postpone the registration of several new signings due to the financial cap in place in Spain’s top flight.

Andreas Christensen and Franck Kessie, who were previously free agents, had to wait their turn, as did Jules Kounde after Barcelona beat Chelsea to sign the French defender.

However, in addition to successfully engineering a number of player departures and wage cuts, Barcelona used ‘economic levers’ to improve their books even further.

This entails selling percentages of future television rights and media production unit Barca Studios to generate the funds needed to meet La Liga’s criteria.

Barcelona has now confirmed that they ended the most recent fiscal year with a profit of €98 million (£85.79 million), and that they expect that figure to rise in 2022-23.

“The Board of Directors has approved the budget for the 2022-23 season, which includes an operating income budget of 1.255 billion euros, with a profit forecast of 274 million euros,” the club said in a statement.

“At the end of the previous fiscal year, the board reported a turnover of 1.017 billion euros and a profit of 98 million euros.”

Barcelona has had a near-perfect start to the new domestic season.

Sixteen points have been earned out of a possible 18 in La Liga, keeping the club close to champions and rivals Real Madrid, who have a perfect record.

Barcelona has scored 18 goals in those matches while conceding just one, which came in the early stages of their second match against Real Sociedad.

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