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Barcelona revenue to surpass Eur500 million

Barcelona revenue to surpass Eur500 million

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Spanish Primera División giant FC Barcelona announced on Tuesday that its revenue is projected to increase to Eur509 million this season, marking the first time the club has surpassed the Eur500 million threshold.

Spanish Primera División giant FC Barcelona announced on Tuesday that its revenue is projected to increase to Eur509 million this season, marking the first time the club has surpassed the Eur500 million threshold.

The record figures will generate a post-tax profit of Eur36 million, according to secretary and spokesman for the board, Toni Freixa. Operating income for the 2012-13 season was Eur491 million – Eur21 million more than originally budgeted – but the 2013-14 figures will be boosted by extra income from sponsorship deals as well as the transfer of Thiago Alcántara to Bayern Munchen.

“This is not a message of triumph, since it is still difficult to manage the club and we have to continue the policy of austerity,” Freixa said. With regard to the long-running saga surrounding the possible renovation of the Nou Camp, Freixa said that the project was still in the study phase.

Barcelona’s bitter rival, Real Madrid, generated more than Eur500 million in revenue in both 2011-12 and 2012-13. Earlier this month, Real said that turnover had increased by 1.3% to Eur520.9 million for the 2012-13 campaign, generating a net profit of Eur36.9 million.