FC Barcelona posts a record income of 530 million euros for the 2013/14 season
FC Barcelona's Economic Vice President, Javier Faus, has given a press conference on Tuesday to review the 2013/14 finances, revealing that the Catalan club has made its second highest profit ever of €41 million a figure previously only topped by the 49 million euros in the 2011/12 season. Furthermore, Barça posted a record income of €530 million. Faus also explained that in the four seasons since 2010/11, when the new Board came into power, the club has an accumulated profit of €113 million. In addition, The 2013/14 season also witnessed a reduction in the net debt by 44 million euros, meaning that since the new Board took over, this figure has decreased by 143 million, and as of June 30 of this year now stands at 287 million euros, while four years ago it was 431 million.
Barcelona (FCB).- FC Barcelona closed the 2013/14 season with a club record income of 530 million euros, as revealed on Tuesday by the Catalan club's EconomicVice President, Javier Faus, at a press conference in the Ricard Maxenchs Pressroom. Faus also explained that profits this year amounted to 41 million euros, a figure previously only topped by the 49 million euros in the 2011/12 season. Faus also explained that in the four seasons since 2010/11, when the new Board came into power, the club has an accumulated profit of 113 million euros.
The 2013/14 season also witnessed a reduction in the net debt by 44 million euros, meaning that since the new Board took over, this figure has decreased by 143 million, and as of June 30 of this year now stands at 287 million euros, while four years ago it was 431 million.
Javier Faus stressed that the unprecedented commercial and sponsorship deals involving FC Barcelona have been the driving force behind such positive changes. And the audits for the last four years have all been clean, without exceptions. He also commented that the closure of last season was the first since the entry in force of article 67 of the club Statutes as approved at the last Assembly, and which has been satisfied due to the year ending with a profit and the club having a good Debt / EBITDA ratio.
Another point he wished to stress was how the club has progressed from its own funds being 62 million euros negative (on June 30, 2010) to 50 million positive.
In the last four years, FC Barcelona has risen from 24th to 2nd in the Forbes ranking of the most valuable sports clubs throughout the world.