Barcelona’s board of directors has approved a €1.255 billion operating income budget for the 2022-23 season.
Giants of La Liga Barcelona has been battling financial difficulties for several seasons, with president Joan Laporta attempting to steady the ship, though this has not prevented them from spending heavily in the transfer market.
Despite the fact that Lionel Messi left the club in 2021, Barcelona signed Robert Lewandowski, Jules Kounde, and Raphinha for big money this year, while also signing Andreas Christensen, Franck Kessie, Hector Bellerin, and Marcos Alonso on cheap deals. Ousmane Dembele was also given a new contract.
In two separate deals in June and July, Barcelona sold 25% of their TV revenue for the next 25 years to private equity group Sixth Street, and they have also turned to streaming platform Spotify as their new stadium and shirt sponsor.
On Monday, the club announced a €1.255 billion budget for the 2022-23 season, as well as confirming the previous fiscal year’s turnover of €1.017 billion, of which €98 million was profit.
The profit for the next fiscal year is expected to be much higher, at €274 million.
Barcelona’s board of directors also decided that the club’s general assembly of delegate members would take place virtually on October 9. On the same day, Xavi’s team will host Celta Vigo at Camp Nou.
In a subsequent statement, Barcelona announced that the tender process for project management of the Gol Sur section of their stadium redevelopment had been completed, with contracts signed with Catalan firms Enginyeria I Arquitectura Torrella and Ingenieros JG.
According to Barca, the construction work’s tender process is still ongoing.