Soccer News Soccer Match Reports, Football News
While Barcelona have recovered on the sporting front, with the Catalans undefeated in their last 13 games, financially, there are still some concerns yet to be resolved.
Barça will be gunning to return to the 1:1 rule in La Liga this summer, as the departure of key players can be expected to take place.
Upon his appointment as Barcelona’s President in 2021, one of the key decisions Joan Laporta took was implementing ‘economic levers’ to soften the financial crisis.
Barcelona’s economic levers were carried out through partial asset sales, which provided the team with quick cash infusions to help repair the team’s damaged finances.
Dissecting the figures from Barcelona’s levers
Now, as per Mundo Deportivo La Liga has presented its Economic-Financial Report for the 2022/23 season, revealing Barcelona’s corporate operations, or “levers,” totaling €808 million
This figure includes a €408 million revaluation of the 51% ownership stake in Barça Studios. However, LaLiga does not include this €408 million when calculating the salary cap.
SPORT argues that La Liga points out that this is due to the reassessment of assets that were not sold to Mediapro and Socios.com.
According to LaLiga, this revaluation does not directly impact staff costs, as it does not result in increased spending on sports personnel.
Comparison with Real Madrid
In the previous season, 2021/22, these corporate operations amounted to €582 million. Interestingly, Real Madrid had more corporate operations than Barcelona in that season, totaling over €300 million.
La Liga is keeping a careful eye on Barcelona’s financial status and applauds the team’s attempts to overcome its difficulties.
It does, however, stress that until Barcelona’s financial status improves, adherence to the salary ceiling will remain strict.
Source link : https://barcauniversal.com/barcelonas-economic-levers-raised-more-than-e800-million-in-revenue/
Author : Shahraiz Sajjad
Publish date : 2024-04-15 14:02:11
Copyright for syndicated content belongs to the linked Source.
