September 20, (THEWILL) – Barcelona has reported a €98 million profit for the 2021/2022 season.
The Spanish team experienced financial constraints at the beginning of the last campaign, which resulted in them losing Lionel Messi to PSG because they were unable to extend his contract.
Since then, they have taken a number of actions to try and address the situation, including getting certain players to agree to postpone receiving their salaries, selling the stadium’s name rights to Spotify, and even selling a sizable chunk of their TV rights.
Barca shared the financial specifics of the previous season along with their budget and forecast for the future one on Monday, outlining the current state of the club’s finances.
In an official statement, the club said, “At the end of the previous season, the Barça Board closed the 2021/22 financial year with a turnover of 1,017 million euros and a profit of 98 million euros. Having reduced their wage bill and activated a number of ‘economic levers’ this summer such as the selling of TV rights, they expect to make a considerably bigger profit across the 2022/23 campaign.
“The Board of Directors has approved the budget for the 2022/23 season that includes an operating income budget of 1,255 million euros, with a profit forecast of 274 million euros.”