La Liga: Barcelona on Thursday approved a budget of 765 million euros ($899 million) for the 2021-2022 season, the club said.
La Liga: FC Barcelona suffer massive $565.4 million loss despite Lionel Messi, Griezmann exits
“An operating budget of 765 million euros for the 2021/22 season has been approved,” Barca said in a statement after a board meeting.
La Liga: Barcelona had intially forecast revenues of 791 million euros ($932 million) for the 2020/2021 fiscal year.
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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)”.
La Liga: FC Barcelona suffer massive $565.4 million loss despite Lionel Messi, Griezmann exits
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.
La Liga: At the time, Laporta also acknowledged the club’s significant debt, which stands at 1.35 billion euros ($1.587 billion).
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