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19.08.2009 19:27

The economic success of the treble winning season

Anna Segura


The balance sheet for the 2008-09 season was overwhelmingly approved by the Assembly of Members’ Representatives by 430 votes to 11 with 14 abstentions.


Over 94% of FC Barcelona Members’ Representatives voted in favour of the accounts for the 2008-09 season. Despite the worldwide economic crisis, the Club generated a net profit of 8.8 million euros.

“A solid and sustainable model”

2009-08-19_ASAMBLEA_JOAN_BOIX_06.jpgJoan Boix, economic vice-president of FC Barcelona, told delegates: “The economic model of FC Barcelona is solid and sustainable, independently of sporting success. It’s a model that has shown itself to be perfectly valid under the impact of the current serious economic crisis”.

An historic year

2009-08-19_ASAMBLEA_COPAS_01.jpg“We can celebrate an historic season for FC Barcelona with some brilliant figures despite the economic crisis and having dealt with the variable costs resulting from the treble”.

Growth in income

The accounts show an income of 384.8 million euros, with operating costs of 362.4 million euros, leaving an operating profit of 22.4 million euros. Mr Boix stressed: “For the sixth consecutive year, income has continued to grow and is now the highest in the Club’s history”. After deducting financial costs of 13.6 million euros, there is a net profit of 8.8 million euros.

Containing debt

2009-08-19_ASAMBLEA_DIRECTIVA_15.jpgDespite the growth in income, another factor highlighted by Mr Boix is that, “We have kept the level of debt stable and we hope to carry on lowering it”. Among the most significant costs, sporting salaries have increased 22,1% due to the payment of variable bonuses to the squad for the treble: “13 million for the league, between 5 and 9 million for the Cup depending on each player’s contract and 16 million for the Champions League”.

In addition, for the first time in six seasons, “The number of employees is lower than the previous season as a result of workforce mobility and an optimisation of human resources”.

Managing sporting salaries

ZUERAS_FC.BARCELONA_-_MANCHESTER_UNITED_FINAL_CHAMPIONS_TROFEO_27-05-09_095.JPGSpecial mention is due of the relation between sporting salaries and total Club income. According to auditors Deloitte, sporting salaries should range from 50 to 70% of total income. In the case of FC Barcelona, Mr Boix said, “We are situation near 55%”. This figure is particularly noteworthy as FC Barcelona includes the salaries of all the sports sections, unlike most clubs.
The economic success of the treble winning season

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Income tax
Mr Boix announced that the Club will have to pay the Spanish income tax authorities for irregularities in the tax deductions made on footballers’ salaries by previous administrations in the periods 1990-93 and 1996-99. He explained: “At that time there was a policy of paying the players half of their salary via a company that managed their image rights”.

After a number of judicial appeals, the Club paid out 25.3 million euros corresponding to the fiscal inspections for 1993-93. Mr Boix reminded delegates: “The 36 million that is claimed by the income tax authorities for 1996-99 is still pending a judicial decision”.

The economic vice-president said that the Board of Directors of that period had made provision for the debt but not the accumulated interest that now has to be assumed by the current Board.


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