Barcelona close the 2022-23 season with net profit after-tax of €304m

Barcelona close the 2022-23 season with net profit after-tax of €304m

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The numbers are €30m higher than the Catalan club had predicted

Little by little, FC Barcelona is coming out of an economic crisis. As a result of the hard work of the commercial area, the palancas, and a great effort to comply with the austerity measures set out in the cost-cutting plan, the club will be able to present better figures than initially expected to the members of the board of directors. 

The financial closing of the 2022-23 season has already been approved by the board of directors and finally shows a profit of €304 million. That figure has been reached thanks to the palancas that the club has activated in the last accounting year. Barça had initially forecast a profit of €274m, so the improvement is €30m. 

The income was €1.259 billion and expenses amounted to €1.165bn. 

It will now be up to FC Barcelona's members to approve those figures at the Compromisarios Assembly on 22 October, coinciding with that weekend's LaLiga match against Athletic Club. There is optimism within the club that there will be no problems because the members will back accounts that are once again showing a profit.

2023-24 and debt

But what is most satisfying for the board of directors is that the budget for the 2023/24 season also foresees positive results without the economic 'vitamin' of new palancas. The club has set a revenue of €859m and a profit of €11m, a figure that they consider to have a lot of merit due to the handicap of playing at the Estadi Olímpic de Montjuïc, which obviously does not generate the revenue that the Spotify Camp Nou did. 

The board of directors are also pleased that they have managed to reduce the net debt for the second consecutive season, from €680m on 30 June 2021 to the current €552m on 30 June 2023. The club reports that this debt criterion is calculated in accordance with the LFP's calculation methods, and mainly includes net bank and sporting debts, minus cash.

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