Barça set to earn ONE BILLION euros in income for this current season
The club are set to become the first ever sport's team to generate €1,047,000,000 euros in income this season
FC Barcelona will become the first sport's team in the world to rake in €1,000,000,000 (one billion) euros in income. This is what the club's CEO, Oscar Grau, confirmed as the club closes the accounts for the 2018/19 season and reveals the budget for this year.
Barça expects to pocket 1,047,000,000 euros this season, €57m more than last season, with a net profit of €40m and €11m profit after tax.
In the commercial area an increase of 24% was recorded, for a total of €62 million. This is as a result of the contributions by new sponsors and improvements in renewal agreements. A highlight is the success of the first year of self-management of Barça Stores and commercial licenses, with a turnover of €63 million through Barça Licensing & Merchandising (BLM).
In terms of transfers, the 46% reduction, estimated at €97 million, is explained by the extraordinary income from the payment of player Neymar Jr.’s buyout clause. This difference has been offset by recurring business activities (stadium, media and commercial).
In order to achieve that record income goal, Barça want to reduce the salary of the sporting department by 3% from €525m to €507m.
Topics with the letter
