La Liga
Barcelona presented the highest winnings in the history of football
Barcelona have broken all the counters after announcing unimaginable after-tax profits on the balance sheet for the 2022-2023 financial year.
Barcelona presented the balance sheet for the financial year ending June 30, 2023 and its profit after tax broke all previous records.
Controversial moves by the club’s management in recent months to consolidate finances have resulted in profits for the first time since the coronavirus outbreak and kept Barcelona afloat, one step away from liquidation.
In practice, the “Blaugrana” confirmed the estimates of the previous year’s budget, according to which the profit would increase from 97,600,000 euros to 271,000,000 euros. The result is an after-tax profit of 304,000,000 for the period 2022-2023, with operating income being 1,259,000,000 and operating expenses being 1,165,000,000.
Optimism has been growing for months, and back in July the club had announced record revenues for the 2022-2023 season, 4% more than the last season before the coronavirus. 351,000,000 from this revenue stream is 43% more than last year, with sponsorship reaching the 200,000,000 mark and Barça Stores sales revenue reaching 100,000,000, both record achievements.
Camp Nou’s revenue reached 229,000,000, 14% more than budget and 8% more than last season before the coronavirus. Of this, 121,000,000 resulted from the stadium naming agreement with Spotify, after 1,000,000 tickets for the “Blaugrana” games were sold in the first season. Accordingly, the Camp Nou’s income from women’s football games amounted to 2,700,000, that from basketball to 4,500,000 and that from the Barcelona Museum to 39,900,000.
The increased revenue, combined with the sale of 15% of La Liga broadcast rights for 400,000,000, led to a further reduction in the club’s debt, from 680,000,000 in 2021 to 552,000,000 two years later.
As for the estimates for the new season, the move to the Montjuic Olympic Stadium will result in a noticeable decrease in revenue due to the renovation of the “Camp Nou”, which is expected to reach 859,000,000 in profit before taxes in 2023-2024, which is estimated at 11,000,000.
Source: sport 24
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