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Barcelona 2022-23 Profit Forecast: Barcelona expects a profit of 274 million euros this season

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Barcelona 2022-23 Profit Forecast: Barcelona said it recorded a profit of 98 million euros ($98.27 million) for the 2021-22 financial year and forecast…

Profit forecast for Barcelona 2022-23: Barcelona said it recorded a profit of 98 million euros ($98.27 million) for the 2021-22 financial year and expected a profit of 274 million euros for this season. Follow InsideSport.IN for football latest updates

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Barcelona 2022-23 Profit Forecast: Barcelona expects a profit of 274 million euros this season

Barcelona is second on Forbes’ list of soccer team valuations with a current value of $5 billion, behind rivals Real Madrid, who are valued at $5.1 billion.

The club said on Monday that its board closed the financial year with revenue of 1.017 billion euros and approved an operating revenue budget of 1.255 billion euros for this season.

Earlier this month, LaLiga raised Barcelona’s spending limit by €800 million, bringing the club out of a spending deficit after the Catalan side sold chunks of assets to patch up their finances.

Barcelona 2022-23 Profit Forecast: Barcelona expects a profit of 274 million euros this season

To offset losses and comply with LaLiga’s financial fair play rules, Barcelona sold 25% of their domestic TV rights to US investment firm Sixth Street for the next 25 years in two deals worth over €500m.

The club raised a further €200m from the sale of a total 49% stake in Barca Studios in two separate transactions, while the club also signed a long-term sponsorship deal with streaming giant Spotify in March.

That allowed Barcelona to spend more than €150m in the close season on Robert Lewandowski, Raphinha and Jules Konde, while Andreas Christensen, Franck Kessie, Hector Bellerin and Marcos Alonso all arrived on free transfers.

Barcelona are second in LaLiga with 16 points after six matches, two points behind Real.

Barcelona 2022-23 Profit Forecast: Barcelona expects a profit of 274 million euros this season

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