Barcelona to surpass 1b euros in revenue
Published on: Saturday, September 21, 2019
By: AP
BARCELONA: Barcelona says it will become the first sports team in the world to surpass 1 billion euros ($1.15 billion) in revenue this season.The Spanish club made the announcement on Thursday while presenting revenue of 990 million euros ($1.09 billion) for last season, also a record an 8pc increase from the previous year.
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It says the 1-billion-euro mark will be achieved a year earlier than projected.
Barcelona says its profits after taxes will reach 11 million euros ($12.1 million) this season, the ninth consecutive year with a positive result. Stay up-to-date by following Daily Express’s Telegram channel.
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The club’s revenues are expected to increase by 6pc this season thanks in part to “an unprecedented commercial effort in sponsorship.”
It says “forecasts indicate an increase of 9pc in income for player transfers and loan, which consolidates this resource as a recurring source of income at both the club and in the football industry itself.” – AP