FC Barcelona boasts record profits of 304 million thanks to television leverage

2023-09-28 15:14:26

He FC Barcelona has revealed that it has closed the 2022-23 financial year with a net profit of 304 million euros after taxes. Operating income reached 1,259 million euros, with expenses that rose to 1,165 million euros.

He Barça has benefited to obtain this balance from a lever: the sale of 15% of audiovisual rights in the LaLiga for an amount of 400 million euros, as recognized in the entity’s note. Without that contribution, the numbers would remain negative. The balance sheet does not include the numbers of the Barça spacesince it considers the club that has its own economic architecture.

The entity’s statement details these results with an optimistic outlook: at a commercial level it records revenues of 351 million euros (+43% compared to the previous year), historical activity figures, it highlights. The sponsorship area has reached almost 200 million euros and merchandising sales in the Barça Stores have reached 100 million euros, also a record in this line of business.

Regarding the budget for the 2023-24 season, the club projects income of 859 million euros, despite having the Camp Nou closed, and a profit of 11 million before taxes. A season in which in principle there should no longer be any lever. How do you plan to achieve it? With more cuts. “This season begins with an additional effort from the commercial areas, a relevant containment of ordinary spending and also foresees a very significant reduction in the salary bill of the professional teams,” indicates the note in reference to the cut in chips carried out by the previous sports director of Mateu Alemany.

Numbers before the assembly

“The club will be financially recovered sooner than expected in the strategic plan,” declared the Barça president. John Laporta a few days ago in anticipation of the announcement of the numbers revealed today.

The members of FC Barcelona must approve this economic table at the Assembly of Committers on October 22, coinciding with the dispute that weekend of the League match against Athletic.

Billing on the rise at the Camp Nou

The club’s note highlights the significant increase in turnover registered in the Camp Nou, with 121 million revenues, where the first season in history was experienced in which more than one million tickets were sold to see Xavi’s team. It boasts record box office revenue in women’s football with 2.7 million euros and especially in basketball, with 4.5 million, 126% higher than the 2018-19 pre-pandemic season. As for the Club Museum, it closed its last year in its usual location with a turnover of 39.9 million.

ℹ️ FC Barcelona announces net profits of 3️⃣0️⃣4️⃣ million euros after taxes for the 2022/23 financial year

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— FC Barcelona (@FCBarcelona_es) September 28, 2023

During the 2022-23 season, FC Barcelona generated a record number of new sponsorships in one season, reaching 97.6 million, thanks to the incorporation of 20 new sponsors, among which stands out Spotify, Bimbo, Whitebit or renewal with ScotiaBank y Stanley, among others. It is not specified how much each sponsor contributes. The women’s team had a turnover of 7.8 million, an increase of 95% in the section’s income in relation to the 2021-22 season.

Debt without Espai Barça

Barça Licensing & Merchandising (BLM) recorded a 54% increase in sales in physical stores compared to the previous year, coinciding with the opening of eight points of sale. Regarding e-commerce, the growth was 47%.

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FC Barcelona highlights in its statement that it has managed to reduce the club’s net debt for the second consecutive season, going from 680 million euros as of June 30, 2021 to the current 552 million euros as of June 30, 2023.

It should be noted that the club leaves out of this accounting all the loans related to the financing of Espai Barça, which are part of a separate structure and which in principle are financed with the own resources generated by the project, the economic viability of which raises many doubts. between the opposition to John Laporta.