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Brunei
Friday, October 7, 2022
29.6 C
Brunei
Friday, October 7, 2022
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    Recovering Barca predict EUR1.3 billion revenue

    BARCELONA (AFP) – Barcelona have forecast revenue of EUR1.255 billion for the 2022-23 season, with a predicted profit of EUR274 million.

    The Spanish side have been under great economic stress in recent years but gained financial leverage this summer with a string of operations which allowed them to strengthen the team.

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

    They were able to do this after selling 25 per cent of their television rights to investment firm Sixth Street for the next 25 years, raising over EUR500 million.

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

    In the 2020-21 season Barcelona posted losses of EUR481 million.

    The club spent heavily for several years, bringing in Brazilian midfielder Philippe Coutinho from Liverpool in a club record deal worth up to EUR160 million in 2018, before later selling him to Aston Villa for around EUR20 million, among other ill-fated operations.

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