FC BARCELONA have declared losses of €97 million for the 2019-20 season from the havoc wreaked by the coronavirus pandemic.
The Catalan giants closed the year with revenue of €855 million, below the €1.047 billion set in the budget, which had forecast a profit of €11 million. The final result was after-tax losses of €97 million, largely as a result of lost revenue due to the effects of the pandemic.
The operating income figure of €855 million in the year 2019/20 represents a reduction of 14% compared to the €990 million for the previous year (decrease of €135 million) and -18% below the budgeted €1.047 billion.
As for revenue from media and TV rights, €249 million in revenue was achieved, but this was a decrease of 17% compared to the previous year, with a drop by €35 million due to COVID-19. The postponement of competitions meant that part of the television revenue from La Liga and the UEFA Champions League has been moved to the 2020/21 accounts.
Despite those figures, the Catalan giants confirm that they plan to press ahead with their Espai Barça project, which includes renovation of their Camp Nou stadium, at a cost of €815 million over the next 30 years.
