Barcelona announce €97m losses as total debts rise to €820m. The club went on to explain the reasons behind the losses.
Barcelona have announced losses of €97million (£88m) for the 2019-20 season due to the coronavirus pandemic.
A statement on Barca’s official website said: “The 2019/20 economic year ends with losses of 97million euros, caused by the effects of Covid-19.”
It added: “Impact of the pandemic implies 203 million decrease in revenue and it is estimated that without this effect the expected one billion in revenue would have been exceeded and the year would have closed with a profit of 2 million.”
“The lack of tourists and visitors to the city of Barcelona due to the reductions and limitations applied to international tourism also meant far fewer visitors to Barça’s premises, meaning major losses in terms of such areas as visitors to the Camp Nou Experience and the sale of products in official stores.”
In total, Barcelona have now accumulated €820m (£744m) in debt, the club’s economic vice-president Jordi Moix said on Monday, although that figure will go down to €488m (£442m) with monies earned and due to be paid to the club.