FC Barcelona Announce Record-Breaking €914m Revenue, Net Profit Reduces
//

FC Barcelona Announce Record-Breaking €914m Revenue, Net Profit Reduces

FC Barcelona
Photo Credit: Getty Images.

FC Barcelona club is currently enjoying off the field success as well. Having established as an elite club in Europe, the team is no short of success over the past decade.

The premium club clinched seven league titles, three Champions League titles in the past decade and are growing at rapid pace.

The club recently announced a record €914m revenue for the recently concluded 2017-18 season. The growth rate has been great for the Spanish club but they came short on net profit.

Moreover, the club had €882 million in expenses which included operating costs, player salaries and other costs.

FC Barcelona Announce Record-Breaking €914m Revenue, Net Profit Reduces 1

This left the club with an operating profit of €32m. These figures ensured that they came up short of their targets with respect to their net profit estimates.

The Blaugrana expected to bag a €21 million net profit for last season, but only managed €13 million after the taxes.

“The Board has valued the final balance of the year positively, and it’s in line with the Strategic Plan of the Club to reach one billion euros of income in 2021,” the club said in a statement.

FC Barcelona continues their dominance:

Despite losing Neymar to PSG last season in a record €222m deal, FC Barcelona managed a league-cup double. They have won both La Liga and Copa del Rey in their last season and almost went the full season undefeated.

FC Barcelona Announce Record-Breaking €914m Revenue, Net Profit Reduces 2

But the club has used the funds of Neymar to bankroll the transfers of Ousmane Dembele from Borussia Dortmund last summer and Philippe Coutinho in January.

Barcelona is amongst the top three clubs in terms of revenue alongside Real Madrid (RM) and Manchester United (MU).

In terms of dominance in Europe, they are in the elite company of Madrid and Bayern Munich. However, the club needs to invest heavily in new signings to compensate for the departure of Andreas Iniesta.

Although, Madrid has let Cristiano Ronaldo move. FC Barcelona should make quality signings this summer to compete for the Champions League again.