Barcelona ended the year with a loss of 91 million | Football | Sport
Barcelona ended the 2023/2024 financial year with a loss of 91 million. The negative figure is the result of an unpaid $141 million that was not collected from the sale of Barça Vision, the commercial name of a subsidiary of Bridgeburg Invest SL, to the German company Libero. For this reason, the Barça division had no choice but to take action in the event of non-compliance by the German company. “In a significant development, the club has commenced the impairment of a number of receivables from shares in the Bridgeburg company due to non-payments by certain investment partners,” Barca said. The economic area, on the other hand, notes 12 million, which was recorded in the regular results. A positive trend that the Catalan club expects to continue in the 2024-2025 academic year: a net income of five million.
In 2022, the Assembly of the Compromisers of Barcelona approved the sale of 49% of Barça Vision. The club was looking for strategic partners for its subsidiary responsible for the Web3, NFT and metaverse business. According to auditor KPMG, the value of this business area of Barça was 400 million euros. LaLiga approved these figures and Barça sold 24.5% of Barça Vision each to Orpheus media and Socios.com. A few months later, the Libero company appeared on the scene, which took over a stake in the shares that belonged to Orpheus media and Socios.com. He bought but didn’t pay. La Liga fined Barça as part of the Financial Fairplay – revenues were accounted for but not accounted for – while Barcelona tried to reduce the negative impact of their losses with the arrival of Aramark (a catering company) to retain 10% of Barça Vision for 40 million .
However, the Barça enterprise had to consider the outstanding balance lost. “The amount recognized as extraordinary expenses is 141 million euros before taxes,” Barcelona justified. However, it happens that Barcelona still have Libero payments until 2025. In any case, she already knows that getting them will be difficult.
The economic situation in Barça remains optimistic. “The club believes that there are sufficient reasons to justify the current value of the company and continues to believe in its viability and future opportunities, with an established business plan that will allow it to generate regular income in the near future,” Barça explained. a person who has good news in your regular business. Barcelona boasts that the BLM trading company achieved a record turnover of 110 million, up 72% from 2018.
The club also managed to reduce its wage bill. “A reduction of 170 million, from 670 million to just over 500. This reduction again puts the Club within the UEFA recommended ratios (wages over current income between 55 and 70%), while maintaining a competitive level (“We are back to the quarter-finals of the Champions League ), rejuvenating the team and structuring the squad with market salaries,” Barcelona said. The mass of wages that Barcelona plans to maintain in the current campaign.