The recovery of Barça forecasts income of 1,300 million euros

The recovery of Barça forecasts income of 1,300 million euros

Barcelona forecast revenue of 1.255 billion euros ($1.254 billion) for the 2022-23 season, with an expected profit of 274 million euros.

The Spanish team has been under great economic pressure in recent years, but gained financial leverage this summer with a series of operations that allowed it to strengthen the team.

Barca signed Bayern Munich striker Robert Lewandowski, Sevilla defender Jules Kounde, Leeds United winger Raphinha and several other players on free transfers.

They were able to do this after selling 25 percent of their television rights to investment firm Sixth Street for the next 25 years, raising more than €500 million.

Barcelona also sold 24.5 percent of its production company Barca Studios to fan token firm Socios.com and the same amount again to Orpheus Media, for around €100 million each.

These deals, plus the massive return of fans after poor attendance last season, mean their expected revenue for next season is up from last year’s revenue of €1.017m and a profit of €98m. .

In the 2020-21 season, Barcelona recorded losses of 481 million euros and blamed him for not being able to renew the contract of his all-time top scorer Lionel Messi, which led him to sign for Paris Saint-Germain for free.

The club spent heavily over a number of years, bringing in Brazilian midfielder Philippe Coutinho from Liverpool in a club-record deal worth up to €160m in 2018, before later selling him to Aston Villa for around €20m, among other things. unsuccessful operations.

Coupled with revenue severely hit by the pandemic, it brought the team to the brink of crisis, with chairman Joan Laporta saying that when he took over in March 2021, the team was “dead”.

“We restructured the debt, we controlled the bills, we lowered the sports salary a little but not enough yet, we found new income and sponsors,” Laporta told club members in June. “We went from being dead to being in intensive care.”

rbs/mw

Leave a Comment

Your email address will not be published.