Connect with us
Categories:
X

Sports

FC Barcelona Announce Profit Of €98m In 2021-22

Published

on

Joan Laporta
Share this post:

FC Barcelona have announced profits of €98 million for the 2021-22 campaign and predict they will make another €271m in the current season.

Barca say revenue last year totalled €1.017 billion, which allowed them to turn a profit for the first time since the pandemic.

The Catalan club say they are expecting income to rise to €1.255bn this season, which is largely down to the sale of club assets during the summer.

Last season’s accounts were also boosted by the sale of 10% of the club’s domestic television rights to global investment firm Sixth Street at the end of June.

That deal was worth over €200m and was completed just before June 30, which is the deadline for the financial year.

Barca sold another 15% of their LaLiga TV rights to Sixth Street in July for over €300m and then two 24.5% stakes in Barca Studios for around €200m in operations, which are factored into revenue for the 2022-23 season.

Barca Studios is the club’s in-house production company which, following investment, will now also focus on web3 and blockchain projects.

It marks a remarkable turnaround from 2020-21, when Barca posted losses of over €400m and could not afford to register Lionel Messi’s new contract within their LaLiga-imposed spending limit, leading the Argentine to join Paris Saint-Germain on a free transfer.

By last January, Barca’s spending limit — the amount per season LaLiga allows clubs to spend on wages and the amortisation of transfer fees — had fallen to -€144m, the only negative cap in the league.

However, the sale of club assets and predicted profits have enabled that limit to grow to over €650m, as confirmed by LaLiga earlier this month.

That allowed Barcelona to spend over €150m in the summer on Robert Lewandowski, Raphinha and Jules Kounde, while Franck Kessie, Andreas Christensen, Marcos Alonso and Hector Bellerin all arrived as free agents, too.

Barca are seeing the results on the pitch — they are unbeaten in LaLiga, two points behind leaders Real Madrid — but still have to work hard to reduce their wage bill.

Due to the exceptional nature of a large part of their revenue coming from the one-time sale of assets, LaLiga have warned they still need to cut spending as the limit could drop again next season.

“Barcelona’s limit is [up to] €656m and they needed this full amount, that’s why they were still registering players at the last minute,” LaLiga president Javier Tebas said at the presentation of the spending limits this month.

“Without the [sale of assets], it may not be so high next season. They may have to reduce their wage bill, sell players or even [sell more] assets. I think [Barca’s vice president Eduard] Romeu has said they need it to be at around €400 and something million. But they know all about this, it will be difficult for them to maintain [the new limit] next season.”


Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment
Cryptocurrency
Technology3 days ago

Meaning and Uses for Tether Crypto Explained

Bitcoin Cryptocurrency
Technology4 weeks ago

Have A Brief Idea About Bitcoin Mining And Its Operation

Mark Your Calendars For These 4 Premier Sporting Events Of 2023
Sports2 months ago

Mark Your Calendars For These 4 Premier Sporting Events Of 2023

How To Safeguard Your Crypto Wallet?
Technology2 months ago

How To Safeguard Your Crypto Wallet?

Angry youths chase Elumelu away as they disrupt PDP campaign in Delta
News2 months ago

Angry youths chase Elumelu away as they disrupt PDP campaign in Delta

Lai Mohammed
News2 months ago

FG recovers over N120bn from proceeds of crime – Lai Mohammed

News2 months ago

Tinubu says Peter Obi, Atiku lack track record to be president

Atiku Abubakar
News2 months ago

Plateau PDP set to receive Atiku

Peter Obi praises Gov Uzodimma’s leadership style
News2 months ago

Peter Obi praises Gov Uzodimma’s leadership style

Entertainment2 months ago

‘Free Mind’ by Tems enters 20th week on Billboard Hot 100

Kizz Daniel
Entertainment2 months ago

Buga by Kizz Daniel is the most searched song in Nigeria in 2022

News2 months ago

NJC Reinstates Justice Ofili-Ajumogobia As Judge Of Federal High Court

Man sentenced to 21 years in prison for stealing Lady Gaga's dogs
Entertainment2 months ago

Man sentenced to 21 years in prison for stealing Lady Gaga’s dogs

NNPC Ltd to disclose new asset base – Kyari
News2 months ago

Nigeria Records ₦‎16 Trillion Worth Of Crude Oil In 9 Months

Entertainment2 months ago

Broda Shaggi begs African fathers to hug their children

News2 months ago

Chatham House: APC slams Dele Momodu over comment on Tinubu

News2 months ago

Samuel Eto’o Apologises After Physically Attacking YouTuber

News2 months ago

N-Power Fraud: D’banj Arrested & Detained – ICPC Confirms, Releases Statement

News2 months ago

FG: Second Niger Bridge will open to traffic Dec 15

News2 months ago

2023 Polls Won’t Mar Nigeria – Sultan, CAN, SGF

Education2 months ago

ASUU Strike: CONUA threatens to sue FG over withheld salaries

Sports2 months ago

Eden Hazard announce retirement from international football

News2 months ago

2023: APC Has Failed Northerners, Muslim-Muslim Ticket Won’t Work – Shagari

News2 months ago

Teleprompters In Sight As Tinubu Spoke At Chatham House – Jaafar Shares Photo

Buhari
News2 months ago

2023: No manipulations of any form will be allowed, Buhari vows

News2 months ago

Kano Hisbah to destroy 18,000 bottles of beer

Entertainment2 months ago

Emancipation: Will Smith pulls you in with gritty realities of slavery era[Review]

Will Smith hopes ‘brutal’ depictions of slavery in Emancipation are ‘not in vain’, as he attends premiere in London
Entertainment2 months ago

I became more alive by facing my pain – Will Smith

Luis Enrique
Sports2 months ago

Spain manager full of praise for his players despite shock Morocco loss

Goncalo Ramos
Sports2 months ago

Goncalo Ramos reacts after taking Cristiano Ronaldo’s place in Portugal team

Frank Leboeuf
Sports2 months ago

Frank Leboeuf aims bizarre dig at Kieran Trippier

Sports2 months ago

Can the Three Lions outsmart France’s unstoppable star player?

Horoscope2 months ago

Your daily horoscope for Wednesday, December 7, 2022

Sports2 months ago

FIFA World Cup 2022: Goncalo Ramos nets first hat-trick of 2022 FIFA World Cup as Portugal trash Switzerland

Sports2 months ago

FIFA World Cup 2022: Yassine Bono the hero as Morocco knocks Spain out of World Cup

Godwin Emefiele
News2 months ago

CBN Drops ATM Withdrawal Limit To ₦‎20k/Day

TikTok logo
News2 months ago

‘TikTok Challenge’ Circulates Info-Stealing Malware – NCC

DOWNLOAD Complete Wednesday (TV series) (2022 film) Season 1 Subtitles File [English SRT] 2022
Movie Subtitle2 months ago

DOWNLOAD Complete Wednesday (TV series) (2022 film) Season 1 Subtitles File [English SRT] 2022

The vast network of antennas will form the world’s largest radio telescope
Technology2 months ago

The largest radio telescope in the world’s construction gets underway

News2 months ago

FG releases new curriculum for universities in Nigeria

ANE Billboard Hots