Barcelona post £86m profit for last financial year
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Barcelona recorded a profit of £86m for the last financial year and expect to make a £240m profit next year, the club has announced.
This summer the Spanish club were unable to register new players because of La Liga financial regulations having made a loss of £422m the previous year.
However, they freed up funding with several ‘economic levers’.
The club said it closed the 2021-22 financial year with a turnover of £890m.
Financial restrictions meant there were delays in registering new signings including Robert Lewandowski and Raphinha this summer.
The ‘levers’ have involved selling shares of their future television rights and their media production unit Barca Studios.
In August, they 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 second in La Liga on 16 points after six games, two points behind Real Madrid.
-BBC
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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