By Stefan Djordjevic / sdjordjevic@eurohoops.net
The coronavirus pandemic hit the financial state of all the clubs around the world and FC Barcelona has been no exception.
The Spanish team closed the 2019-20 campaign with a deficit of 28.2 million euros, which is 26.2% more than the previous year and the second-highest gap in club history, according to 2Playbook.
One of the reasons for such numbers was the amount of money spent on the salaries of the sports personnel, despite the 70% reduction when the competitions got suspended. The direct impact was eight million euros.
Of course, the income that the club expected to cash in throughout the season dropped as well. To be precise, to 8.01 million, a drop of 28.8%. The only revenue that did increase was, unsurprisingly, coming from television (+15.4%, 3.2 million).
The second-largest revenue for the club had been the commercial and advertisement aspect but it also decreased by almost 50%. A big part of it was the departure of Lassa as the main sponsor of the club.
The income from competitions dropped as well, by a fifth, due to the fact that the Euroleague season didn’t finish and the team didn’t win the Spanish Liga Endesa.