Barcelona approve 765-million-euro budget for 2021-2022 | The Guardian Nigeria News - Nigeria and World News

Barcelona approve 765-million-euro budget for 2021-2022 | The Guardian Nigeria News - Nigeria and World News

Barcelona, Joan Laporta

9/16/2021 11:39:00 PM

Barcelona approve 765-million-euro budget for 2021-2022 | The Guardian Nigeria News - Nigeria and World News

Barcelona on Thursday approved a budget of 765 million euros ($899 million) for the 2021-2022 season, the club said.

Barcelona had intially forecast revenues of 791 million euros ($932 million) for the 2020/2021 fiscal year.xHowever, 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)”.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.

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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