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Barcelona announces record $812M in revenue

AFP logoAFP 18-07-2017
FC Barcelona football star Lionel Messi (L) answers questions beside teammate Neymar (R) during a press conference to announce new sponsorship with Japanese internet retailer Rakuten in Tokyo on July 13, 2017.Japan's major internet retailer Rakuten entered into main sponsorship contract with FC Barcelona. © Provided by AFP FC Barcelona football star Lionel Messi (L) answers questions beside teammate Neymar (R) during a press conference to announce new sponsorship with Japanese internet retailer Rakuten in Tokyo on July 13, 2017.Japan's major internet retailer Rakuten entered into main sponsorship contract with FC Barcelona.

Barcelona announced a record income of 708 million euros ($812.8 million) for 2016/2017 with an after-tax profit of 18m euros ($20.6 million).

The Spanish giants said the healthy revenue was up 13m ($14.9 million) on the forecast figure in their budget for the period.

A statement following the approval of the accounts at a board meeting disclosed the club has reduced its debt by 24.5m euros ($28.1 million) to 247m euros ($283.5 million).

The salaries of Lionel Messi, Luis Suarez, Neymar and co account for 66% of Barcelona's expenditure, the statement added. Barça say that the financial results fit into the club's strategic plan for revenue to top 1 billion euros by 2021 ($1.1 billion).


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