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Big loss at Barcelona

Barcelona has reported a €100m loss last season while seeing a doubling of debt to €488m.  Revenues fell by 14 per cent to €855m.   There was a coronavirus induced income fall of just over €200m.

Commercial revenues were down 9 per cent to €297m.   Some commercial deals which were at advanced stage of negotiation before the pandemic fell through.  Merchandise sales were also down.

Match day revenues dropped 24 per cent to €162m with no spectators since March.   Broadcasting income fell 17 per cent to €249m, partly due to fewer European matches.   Barcelona said that it expected revenues to fall to €791m this season, although that assumes a partial return of spectators to the Nou Camp.

The club made €74m of savings, including agreed wage cuts with players.

Barcelona has announced a new financing to plan to raise €815m for the redevelopment of its stadium.  Goldman Sachs will manage a new vehicle that will pay investors a portion of the additional income expected to be generated by the expanded ground set to open in 2024.


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