According to Mundo Deportivo, at Barcelona's 2026 General Assembly, the club's economic vice president Ferran Olivé presented and explained the budget for the 2026/27 season. Barcelona expects revenues of 1.195 billion euros in the new season and does not anticipate further asset impairments this year, which would otherwise result in negative non-recurring losses. The budget was ultimately approved with 583 votes in favor, 43 against, and 27 abstentions.

Ferran Olivé stated: "We have achieved positive ordinary operating results for the third consecutive year. To be specific, regarding stadium revenues, we have income from ticket sales and season passes, as well as some income related to our academy. This was a complex season because we played in three different stadiums. We returned to our stadium in phases, but we still managed to meet our budget.

As for television rights revenue, when we prepare the budget, we typically calculate it based on the team finishing first or second in LaLiga, or reaching the Champions League quarterfinals.

The third component is commercial revenue. Our agreement with Nike is very favorable because we can operate our e-commerce ourselves and sell our own branded products. In the past, we were limited in this regard.

A very positive development is that revenue from Barça Licensing & Merchandising (BLM) product sales has exceeded 200 million euros.

Another aspect is sponsorships. We set a record, although we fell short of our initial targets.

The fourth component is player transfers and loans. Barcelona is a club that buys players, but we must also know how to sell them. We invest heavily in our academy, but not all players can reach the first team, so we must be able to generate accounting profits from them. For players who cannot stay with the team, we sell them and retain a certain percentage of future rights for the club. When these players are sold again, we generate revenue."

Regarding club expenditures,

Ferran Olivé said: "With respect to expenditures, the most significant item is sports personnel salaries. Our salary level remains in the lower range of standard UEFA regulations. We have also standardized employment conditions and proactively transitioned some people who previously worked as freelancers to the general employment system, which has increased salary expenses. Regarding operational and management expenses, we did not meet our budget targets because we played in three different stadiums. Then there are other expenses. Our ordinary operating result was a profit of 200,000 euros, while non-recurring items resulted in a loss of 14 million euros."

Ferran Olivé then spoke about asset impairment related to Bridgeburg: "In 2022, we sold television rights. At that time, due to issues with the Superliga, our relationship with LaLiga was somewhat strained and not easy. At that point, we believed we had sufficient conditions to keep the club operating normally. Additionally, we had to build a competitive team, so we had to restructure the squad.

For all these reasons, we had to activate another economic lever, which was Bridgeburg. At that time, they were involved in tokens, NFTs, and metaverse-related businesses, and these concepts were booming. We believed it was a business that could develop. Its valuation at that time reached 400 million euros, but subsequently the token and metaverse markets declined. Our cooperation with some of these partners did not leave us satisfied, and we could not continue managing the situation. The auditors told us that the value of this company had to be impaired. Another impairment of 23 million euros was recorded this year. We have been seeking other revenue sources.

These 23 million euros represent an accounting value adjustment, not a cash loss. We are selling Personal Seat Licenses (PSLs), which are long-term rights to VIP seats, granting buyers 30 years of related rights. We conducted this operation last year and have continued it this year, reaching 9.8 million euros."

Regarding sports costs,

Ferran Olivé said: "Regarding sports costs, our salary-to-revenue ratio remains at 54%, which is in the lower range of standard UEFA regulations. In previous years, we significantly exceeded this. We must have a competitive team, but we cannot exceed our financial capacity.

Our net equity decreased from minus 153 million euros to minus 168 million euros, but as the stadium project advances, we will gradually reverse this situation. Regarding debt, there are many different ways to calculate it. According to LaLiga standards, this includes money owed to banks, money owed to other clubs, and receivables owed to the club. We fell behind in this regard; apparently, our situation has worsened. But this summer we signed Anthony Gordon. No one completes signings before the end of the fiscal year because it worsens financial figures, but we had to complete this deal before the end of the fiscal year. These combined factors had an impact. This operation brought our debt to 607 million euros, but without these factors, we could have reduced debt to approximately 400 million euros. The auditors issued an unqualified opinion on our financial statements."

Finally, Ferran Olivé concluded: "Despite playing in three different stadiums, we still set a revenue record, reaching 1.060 billion euros. We have achieved positive ordinary operating results for the third consecutive year and continue to maintain a BBB credit rating. Our squad value reaches 1.267 billion euros, which is higher than the current book value. However, unless we have sold these players, we cannot include their market value on the books. Forbes values us at 7.5 billion dollars, which underscores the club's value growth, which has increased by 33%. We have successfully returned to LaLiga's 1:1 financial fair play rule, and we should be very proud of this achievement. UEFA has awarded our stadium the right to host the 2029 Champions League final, and it is the best stadium in the world."

Traducido por IA.

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