Football

Barcelona loss €481m for 2020-21 financial year

Barcelona recorded misfortunes of €481m for the 2020-21 monetary year, the club declared on Wednesday.

Following a wild year, which finished with Lionel Adrea Messi leaving the club as the catalans couldn’t manage the cost of his agreement, Barcelona’s income was €631m.This fell well beneath the €828m set in the financial plan.

With consumption of a record €1.136billion, up from €955m , Barcelona posted a working deficiency of €505m and a post-charge deficiency of €481m.

The Blaugrana refered to”falling incomes and the failure to contain spending” during the Covid 19 pandemic.

In any case, Barcelona recognized they had determine their misfortune even without the pandemic at €390m.

Their net obligation along these lines remained at €680m , as per LFP rules, despite the fact that €122m of this was because of the interest in the Espai Barca project, which is revamping club facilities.

Barcelona’s bank obligation was €533m.

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