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Corona is inflicting heavy financial losses on Barcelona

Barcelona announced a loss of 97 million euros after tax for the fiscal year 2019-2020, as a result of the Corona pandemic, and the failure to reach the expected estimates of revenues exceeding one billion euros.

The competing club in the Spanish Football League said in a statement today, Monday, that it recorded revenues of 855 million euros, a decrease of 14% compared to 2018-2019, when it scored 990 million euros.

Net debt more than doubled, to 488 million euros.

The club explained that 47 million euros in losses due to the absence of match revenues, 35 million due to sales of the club’s stores, 18 million for visits to the tourist stadium, in addition to other expected losses until the fans return to the stadiums in Spain.

The club expects revenue of € 791 million for 2020-2021.

The club deducted part of the players’ salaries to contribute to facing the deficit when football competitions were stopped due to the virus.

The club has sold players from big contracts like Luis Suarez, Ivan Rakitic and Arturo Vidal in the current transfer window.

This led to a lull for the club in the transfer period with the new coach Ronald Koeman, and local reports stated that Barca will include the Dutch striker Memphis Depay Lyon, only if he sells his striker Osman Dembele, the candidate for the transfer to Manchester United.

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