FC Barcelona, one of the world’s wealthiest football clubs, has revealed the massive impact of the coronavirus pandemic on its business, posting a €100 million pre-tax loss last season while more than doubling debt to €488 million. This was a 14 per cent fall from the previous year, when it earned more than any other club in the world. Net debt on June 30th 2020 was €488 million, more than doubling from €217 million a year earlier. Broadcasting income fell 17 per cent to €249 million, partly owing to fewer European matches because of the pandemic. The club’s financial crisis comes as top executives, including president Josep Maria Bartomeu, have faced calls to resign.

Source: The Irish Times October 05, 2020 19:18 UTC