FC Barcelona’s losses should get bigger. The firm Grant Thornton, which has audited the financial statements of the Blaugrana club for the 2023-2024 season, considers that The club should increase its recorded losses by 91 million eurosas it progresses The Vanguard.
FC Barcelona has around 208 million euros in its assets derived from 51% of Bridgeburgthe digital vertical of the club controlled by Barça Vision. The firm explains that due to the “non-compliance of the partners with the payment schedule agreed upon in previous purchases and sales” and “the lack of compliance with the business plans”, “the value of the investment recorded at closing should be subject to impairment.”
Grant Thornton does not specify in the report the amount to be impaired, however, considers the amount significant enough to issue an opinion “with exceptions” on the annual accounts of the last year.
In fact, the club already took into account the deterioration of a series of accounts receivable derived from the shares of the company Bridgeburg Investthe Blaugrana subsidiary that holds the FC Barcelona licenses for the exploitation of digital assets. The reason is none other than non-payment by some investment partners involved. The amount recognized as extraordinary expense amounts to 141 million euros before taxes.
The auditor of FC Barcelona has issued an opinion “with exceptions” on the annual accounts
FC Barcelona emphasizes in its accounts that “the club considers that there are sufficient reasons to justify the current value of the company and remains confident in its viability and future capabilitieswith an established business plan that will generate recurring income in the near future.”
On October 1, the board of directors of FC Barcelona approved the financial statements for the 2023-2024 season, as well as the budget for 2024-2025. The club broke the trend of previous years, recording a negative net result; specifically, 91 million euros.
The red numbers occurred despite the fact that FC Barcelona has recorded income derived from sponsorship agreements of 210 million euros“historical record,” Laporta’s directive highlighted. Likewise, it generated 110 million euros through the subsidiary that operates the merchandisingBLM, increasing 2018 registrations by 72%.
The club emphasized generating income through the sale of players such as Dembélé, Kessie, Nico, Abde, Chadi or Marc Guiu, which translated into an injection of around eighty million euros.
In parallel, FC Barcelona reduced the wage bill by 170 million eurosgoing from 670 million at the beginning of the season to the current 500 million. “This reduction places the club once again within the ratios recommended by Uefa, maintaining the competitive level, rejuvenating the team and structuring a squad with market salaries,” explained the Blaugrana team.
