FC Barcelona Finances

Devils said:

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lol

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Luftstalag14 said:

That is bad for us. Many clubs are upgrading their stadiums to allow more revenue generated. The renovated Camp Nou is estimated to generate 150m more a year for us and that is a lot of money to ignore.

If Font or someone else gets elected, I hope they will not scrap Espai Barça altogether and instead find ways to reduce the cost and streamline the process and make the whole project more cost efficient.

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Andrew M said:

You're right, we definitely need the renovations. Real Madrid are taking out a 500 million bank loan but 800 million seems crazy high to me. Perhaps revise the plans

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FC Barcelona is one of the most diversified clubs in Europe, for good and for bad. The club has managed to build business lines outside of television that have allowed it to be the first to exceed 1,000 million euros in revenue, but the outbreak of the Covid-19 crisis has stopped them in its tracks . And, if the income statement already pointed to a net profit of minimums, the current context could mean entering into losses. "It is evident that this crisis has a very negative impact on the entire football and sports industry in general, and that the club has an obligation to be ready to face all possible scenarios ," said the board of directors, after a meeting in which the presentation of a record of temporary employment regulation (Erte) has been put on the table. Management has not made a final decision, pending how events will evolve in the coming days. Of course, today "a first approach to different scenarios and possible measures to be taken with the aim of minimizing all economic damages" has been made. One of the added problems for Barça is that just a year ago they decided to recover their entire retail business and absorb a staff of more than 300 professionals who until 2018 depended on Nike. Today, with the stores closed after the state of alarm decree, it is the group of the entity for which an Erte could be presented for a greater cause. The bulk of the savings, however, should come from an adjustment in athletes' salaries , especially those of the soccer and basketball first team. Industry sources reveal that in private conversations the possibility of lowering these salaries has been admitted, as long as it can be coordinated from LaLiga and the ACB. In the case of the sports squad, it would not be technically an Erte, since that formula would hardly guarantee a mileurista salary to players who earn more than a million euros a year. Instead, if a private agreement would be sought to adjust their payrolls to the reality of income that ends up being produced. This year a little more than 500 million euros in payrolls had been budgeted . The board recalled that they are “in permanent contact with the great European clubs, through the ECA and LaLiga, as well as with the leagues and federations of the rest of professional and amateur sports, to share this analysis, and possible measures to apply". The fear of many is that individual actions may influence the movements of footballers at the end of the season. Before the outbreak of the crisis, the club chaired by Josep Maria Bartomeu contemplated a total budget of 1,047 million euros in revenue for 2019-2020 , with an interannual improvement of 5.8%. Only in this way can a net profit of 14 million euros be presented, the triple with which 2018-2019 finally closed . This growth was expected to be achieved with a strong increase in commercial income and the sale of footballers who do not count for the first team. Only in this way can a net profit of 14 million euros be presented, the triple with which it was finally closed 2018-2019 , despite the fact that the wage bill remains at bay waiting for what happens on the pitch, after failing to achieve that cut sucked last year.

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Neymessi said:

I don't understand why multi-millionaires with insane wealth can't take a proper wage cut when they aren't even working in that period.

If Messi and the other amigos decline then it really is all money talking these days since Messi etc are those who are loyal to Barca and care for the club more than players normally do.

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Luftstalag14 said:

As expected, our players rejected the pay cut proposal from the club. A bunch of spoiled, overpaid brats.

Meanwhile, Bayern players have agreed on a 20% pay cut and Dortmund players will "waive part of their salaries".

https://www.espn.com/soccer/barcelo...educe-wages-amid-coronavirus-outbreak-sources

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