December 5, 2021

Barcelona approve 765-million-euro budget for 2021-2022

Barcelona approve 765-million-euro budget for 2021-2022

Barcelona on Thursday approved a budget of 765 million euros ($899 million) for the 2021-2022 season, the club said.

“An operating budget of 765 million euros for the 2021/22 season has been approved,” Barca said in a statement after a board meeting.

Barcelona had intially forecast revenues of 791 million euros ($932 million) for the 2020/2021 fiscal year.

However, this had been based on the assumption that fans would return to stadiums last December post-pandemic, which ultimately did not happen.

On Thursday, the board of directors also approved “the close of the fiscal year for the 2020/21 season, with a loss of 481 million euros ($565.4 million)”.

Barcelona president, Joan Laporta, had already announced these losses during a press conference he gave in August to explain the departure to Paris Saint Germain of Argentine star Lionel Messi.

At the time, Laporta also acknowledged the club’s significant debt, which stands at 1.35 billion euros ($1.587 billion).

.u3d7bc8e3a8ae37182e9b47d7a8eb345a { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:inherit; border:0!important; border-left:4px solid inherit!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .u3d7bc8e3a8ae37182e9b47d7a8eb345a:active, .u3d7bc8e3a8ae37182e9b47d7a8eb345a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u3d7bc8e3a8ae37182e9b47d7a8eb345a { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u3d7bc8e3a8ae37182e9b47d7a8eb345a .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .u3d7bc8e3a8ae37182e9b47d7a8eb345a .postTitle { color:inherit; text-decoration: underline!important; font-size: 16px; } .u3d7bc8e3a8ae37182e9b47d7a8eb345a:hover .postTitle { text-decoration: underline!important; }

See also  Nigeria Olympians hold inaugural forum, banquet, awards ceremony in Abuja

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved. | Designed by Horndaskoure Global Concept.