Barcelona Eye Record Revenues, Aim For 1 Billion-Euro Turnover By 2021

Updated: 28 September 2018 08:43 IST

Barcelona had a turnover of 914 million euros, exceeding its forecast of 897 million euros.

Barcelona Eye Record Revenues, Aim For 1 Billion-Euro Turnover By 2021
Barcelona's target of a one billion euro turnover by 2021 is still within reach. © AFP

Spanish champions Barcelona claimed Thursday that they were on course to set a new record turnover of 960 million euros for the 2018/19 season with a net profit of 11 million euros. According to the budget estimate approved by the club's board of directors, in the 2017/18 season, Barcelona had a turnover of 914 million euros, exceeding its forecast of 897 million euros, for a profit of 32 million. 

For the current season, expenses are expected to increase to 929 million euros, but will be offset by the increase in revenues, said a statement by the club, which added the target of a one billion euro turnover by 2021 is still within reach. 

"The club is very serious (in its management). We have more planned spending, but also more expected income. What we do will never endanger the viability of the club," said club spokesman Josep Vives.

Meanwhile, Barcelona also announced plans to redesign its club crest which will see the acronym "FCB" dropped to further highlight the ball and the Catalan regional flag, and "adapt to a new era." 

The initiative responds to "one of the main objectives of the FC Barcelona Strategic Plan, which is the enhancement of its brand internationally," the club said in a statement. 

"This evolution is the result of a year and a half of reflection, and we wish to highlight the colours, which are the symbol of our identity, as well as the Catalan regional flag, while giving greater importance to the ball, the central and emblematic element of Barca's style of play," added Vives.

Comments
Topics : Barcelona Football
Highlights
  • Barcelona also announced plans to redesign its club crest
  • Barcelona had a turnover of 914 million euros
  • The acronym "FCB" will be dropped to highlight the ball and Catalan flag
Related Articles
Barcelona Star Arda Turan Could Face More Than 12 Years Jail For Brawl
Barcelona Star Arda Turan Could Face More Than 12 Years Jail For Brawl
Manchester United In Trouble And Could Lose Paul Pogba, Says Didier Deschamps
Manchester United In Trouble And Could Lose Paul Pogba, Says Didier Deschamps
Barcelona Held At Valencia As Sevilla Go Top In La Liga
Barcelona Held At Valencia As Sevilla Go Top In La Liga
Watch: Ivan Rakitic Scores
Watch: Ivan Rakitic Scores 'Wondergoal' As Barcelona Beat Tottenham
Champions League: Lionel Messi, Ivan Rakitic Light Up Wembley As Barcelona Sink Tottenham Hotspur
Champions League: Lionel Messi, Ivan Rakitic Light Up Wembley As Barcelona Sink Tottenham Hotspur
Advertisement