Connect with us


SportsBusiness: Barcelona report £86m profit for last fiscal year



Spanish giants, Barcelona reported a profit of £86 million for the most recent fiscal year and expects to earn £240 million next.

Due to La Liga financial rules, the club was prohibited to sign new players this summer after suffering a £422 million deficit the previous season.

However, they used a number of “economic levers” to release cash.

The club reported having an £890 million profit at the end of the 2021–22 fiscal year.

Read Also: Lewandowski fires Barca past Elche to go top of La Liga

Financial limitations caused delays in the registration of new acquisitions this summer, notably Robert Lewandowski and Raphinha.

The “levers” involved selling stock in their media production company Barca Studios and their future television rights.

In August, Barcelona sold an additional 24.5% of Barca Studios to Orpheus Media for 100m euros (£84.6m) – this was expected to generate enough revenue to satisfy La Liga and allow Barca to register at least some of their new players.

Barcelona are currently second in La Liga on 16 points after six games, two points behind Real Madrid.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now