FC Barcelona reported a profit of $111 million behind $1.15 billion in revenue for the year ending June 2022.
The report comes only a year after the La Liga club reported a $1.5 billion debt.
The second-most valuable soccer team in the world — worth $5 billion, per Forbes — benefited from the return of fans to Spotify Camp Nou.
- Tickets and concession revenue hit $148 million in 2022 — up 415% year-over-year.
- Barcelona expects to generate $1.26 billion in revenue during the 2022-23 fiscal year.
- The club projects a profit of $274 million during the same period.
Barcelona has used several “economic levers” to alleviate debt.
In June, the club secured a deal to sell a 10% stake in its TV rights worth up to $278 million. Barcelona doubled down in July, selling an additional 15% of the rights for $326.5 million.
In August, Barcelona agreed to a deal with Socios.com to sell a 24.5% stake in Barca Studios — the club’s media production arm — for $102 million. That same month, it sold another 24.5% stake in Barca Studios to Orpheus Media.
Renewed Call
Real Madrid president Florentino Perez believes that soccer is losing ground as the world’s most popular sport — and that a resurrected European Super League could boost its status.
Madrid joins Barcelona and Juventus as the only clubs in favor of the breakaway league, which was met with fierce public backlash when initially announced in April 2021.
