La Liga: Barcelona Declares £86m Profit For Last Year

Spanish giant Barcelona has revealed that the club recorded a profit of £86m for the last financial year and will possibly make a £240m profit next year.

Due to La Liga financial regulations during this season’s transfer window, the Spanish club could not register new players. The team recorded a £422m loss last year.

However, to register these players and not break the rule of La Liga, the team freed up funding with several ‘economic levers.’

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Barcelona said it closed the 2021-22 financial year with a turnover of £890m.

The levers have involved selling shares of their future television rights and their media production unit Barca Studios.

In August this year, the club sold an additional 24.5% of Barca Studios to Orpheus Media for 100m euros (£84.6m) – this was expected to generate enough revenue to satisfy La Liga and allow Barca to register at least some of their new players.