FC Barcelona Turns $42M Profit In '12-13 On Near-Record Earnings Of $647M
Barcelona Economic VP Javier Faus on Tuesday announced that the club obtained net profits last season of €32M ($42M) after taxes, according to the EFE. During the '12-13 season, Barcelona's revenue reached €491M ($647M), which was €21M ($28M) more than expected. Before taxes, which totaled €44M ($58M), it was Barcelona's second-highest single-season revenue in club history behind the '11-12 season. Barcelona spent €443M ($584M), including €245M ($323M) on player salaries and €96M ($127M) "went to management costs." Higher spending was "caused by increases in re-signings and by lower revenue in the team's Nike store, its 'new business' and its 'on line' business." The "most important thing for Faus is reducing the massive player salaries." Faus said, "Because of the many sacrifices we make, the club cannot be put in order if it does not maintain control of the collective salary, which in the case of the first team was €212M ($279M) last year. Keeping that closer to €200M-€215M ($264M-$283M) is our objective for the next few years" (EL PERIODICO, 7/23).