Broke Barcelona announce huge £263m pre-tax profit… but there’s a catch
BARCELONA have announced a pre-tax profit of £263million with the club announcing a record turnover.
The Spanish giants have been plagued by financial issues in recent years but appear to be back on the right path.
EPABarcelona have announced a pre-tax profit of £263million[/caption]
Barcelona had to sell top players like Ousmane Dembele and Antoine Griezmann, while Lionel Messi also left the club.
But now the club is back in the green thanks to record merchandise and ticket sales.
Barcelona have also raised £303m through commercial activity – with £173m in sponsorship alone thanks in part to a deal with front-of-shirt sponsor Spotify.
Barcelona club stores have also raised a record £73m over the last year.
The Barcelona museum has a turnover of around £35m while the Women’s team has also seen its most successful financial campaign to date.
Record gate income of £2.3m has helped produce a record turnover of £6.7m – a 95 per cent increase on the previous season.
That has helped the club record a turnover of £1.89billion, and a pre-tax profit of £263m.
However, that total takes into consideration the recently agreed LaLiga TV deal.
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Barca are set to bring in £346m across the five-year deal, which begins from the 2024-25 season.
The club has also been forced to offload a number of assets to balance the books – and not just players.
Last month Barcelona sold 25 per cent of their Barca studios to cryptocurrency firm Socios.com for £85m to help register new signings.
