Finance

Barcelona announce huge £95m loss for 2019/20 season

The Catalan giants blamed covid for interrupting their commercial operations and leaving a significant hole in their budget

 
5:45am on Tuesday 6th October 2020
By
Paul Macdonald

Barcelona have announced that they have sustained losses of £95m for the 2019/20, citing the covid crisis as a key reason for the drop in revenue.

Barca have had to sell to buy players this summer as the realities of the coronavirus have impacted the club's ability to operate fluidly in the market.

And their statement stated that commercial deals that were subsequently cancelled as a result of football being stopped for a period of three months has directly impacted their ability to generate capital.

The club also estimate that in excess of £30m has been loss due to a lack of footfall visiting their official stores and buying merchandise.

READ MORE:

European Golden Shoe 20/21: Who has taken an early lead?

Memphis Depay could sign for Barcelona on Monday, say Lyon

Dembele to Man Utd is off as Frenchman focused on Barca

Barcelona have been on a mission to drastically reduce their wage bill this summer, and were able to offload two high earners, Luis Suarez and Ivan Rakitic, to Atletico Madrid and Sevilla respectively. They estimate they will have saved nearly £70m, taking into account other departures from the playing squad.

The club also announced that in the past decade it had spent in the region of £1.5Bn on transfer fees, and with sales taken into consideration, a net loss of £70m in the market.

The numbers show the impact the coronavirus crisis has had at the highest echelon of the game, and why Barca's business this summer has been so muted.

View Barcelona's full financial report for 2019/20 here.

Latest news

Peterborough vs Carlisle Predictions: Team to Win, Form, News and more 29/03/2024

Here are our predictions for the EFL Championship tie between Peterborough and Carlisle on Friday, March 29th 2024.

  • 22 minutes

Watford vs Leeds United Predictions: Team to Win, Form, News and more 29/03/2024

Here are our predictions for the EFL Championship tie between Watford and Leeds on Friday, March 29th 2024.

  • 17 hours

Blackburn vs Ipswich Town Predictions: Team to Win, Form, News and more 29/03/2024

Here are our predictions for the EFL Championship tie between Blackburn and Ipswich on Friday, March 29th 2024.

  • 17 hours

Sheffield Wednesday vs Swansea Predictions: Team to Win, Form, News and more 29/03/2024

Here are our predictions for the EFL Championship tie between Sheffield Wednesday and Swansea on Friday, March 29th 2024.

  • 18 hours

Southampton vs Middlesbrough Predictions: Team to Win, Form, News and more 29/03/2024

Here are our predictions for the EFL Championship tie between Southampton and Middlesbrough on Friday, March 29th 2024.

  • 19 hours

Lincoln City vs Leyton Orient Predictions: Team to Win, Form, News and more 29/03/2024

Here are our predictions for the upcoming Lincoln City vs Leyton Orient EFL League One game on Friday, March 29th 2024.

  • 19 hours

Most read