According to Mundo Deportivo, at Barcelona's 2026 General Assembly, Ferran Olivé, the club's second vice-president for economic matters, presented and explained the budget for the 2026/27 season. Barcelona is projected to generate €1.195 billion in revenue for the new season, and it is hoped that there will be no further impairments of asset values this season; otherwise, abnormal losses with negative implications could occur. Finally, the budget was approved with 583 votes in favor, 43 votes against, and 27 abstentions.

Ferran Olivé said: "We have achieved positive operating results over the past three years. To be specific about the details, regarding stadium revenue, we have income from season ticket sales and match tickets. We also have some academy-related revenue. This season has been a complex one because we have had to play across three different stadiums. Although we have had to gradually return to our stadium, we have still managed to meet our budget targets."

Regarding television broadcasting rights revenue, he noted: "When we were preparing our budget, we assumed the team would finish first or second in LaLiga or reach the Champions League quarterfinals, and we typically calculate revenue based on these assumptions."

"The third component is commercial revenue. Our agreement with Nike is very satisfactory because we can manage our own e-commerce and sell our own branded products. Previously, there were restrictions in this area."

"Excellent news is that Barcelona's licensing and merchandise revenue (BLM) has exceeded €200 million."

"Another point concerns sponsorships. We raised standards, but we did not reach our original target."

"The fourth component involves player transfers and loans. Although Barcelona is a club that buys players, we must also know how to sell them. We have invested heavily in youth development, but not all players can make it to the first team. Therefore, we must generate accounting profits from selling those surplus players. We sell players who cannot remain at the club and retain a percentage of future transfer rights. When we sell these players again, we generate revenue."

Regarding club operating expenses

Ferran Olivé stated: "On the expenditure side, the most important item is the salaries of sports staff. Our salary levels remain in the lower range of UEFA's established standards. We have also regulated employment conditions and brought some individuals who previously worked as independent contractors into the general employment system, which increased salary costs." He continued: "Regarding operational and administrative expenses, we fell short of budget targets because we played across three different stadiums. There are also other costs. Our normal operating result yielded a €2 million profit, while the result for abnormal items was a €14 million loss."

Ferran Olivé then discussed impairments related to Bridgeburg: "In 2022, we sold our broadcasting rights. At that time, due to the Superliga issue, our relationship with LaLiga became somewhat strained, and the situation was difficult. At that time, we believed we had sufficient resources to maintain the club's normal operations. Additionally, because we needed to build a competitive team, we restructured the player roster."

"Due to all these factors, we had to activate a new financial lever, which was Bridgeburg. They had tokens, NFTs, and businesses related to the metaverse at that time, and these concepts were trending. We believed it was a business with growth potential. At that time, its valuation reached €400 million, but later the token and metaverse markets declined. Some of these partnerships also did not meet our expectations, and we were unable to continue managing the situation. Auditors required us to write down the company's value. This year, we took an additional €23 million write-down. We were searching for alternative revenue sources."

"This €23 million represents an accounting adjustment, not a cash loss. We are selling Personal Seat Licenses (PSLs), which are long-term rights to VIP seats, and purchasers can enjoy these rights for 30 years. We launched this business last year and continued it this year, generating €9.8 million in value."

Regarding sports expenses

Ferran Olivé stated: "Regarding sports expenses, our salary-to-revenue ratio stands at 54%, which falls within the lower range of UEFA's established standards. In previous years, this was considerably higher. Although we must have a competitive team, we cannot exceed our financial capacity." He explained: "Our tangible assets have shifted from negative €153 million to negative €168 million, but as the stadium project progresses successfully, we will gradually reverse this situation. There are various ways to calculate debt." "According to LaLiga standards, this includes money owed to banks, money owed to other clubs, and money owed by the club. We have moved backward in this regard. On the surface, our situation appears worse. However, this past summer we signed Anthony Gordon. No player signings were completed before the end of the financial year because that would have worsened the financial figures, but we had to finalize this agreement before the financial year ended. All these factors combined had an impact. As a result of these operations, our debt reached €607 million. However, without these factors, we could have reduced debt to around €400 million. Auditors issued a qualified opinion on our financial statements."

Finally, Ferran Olivé concluded: "Although we played across three different stadiums, we still achieved adjusted revenue of €1.06 billion. We have achieved positive operating results for the third consecutive year and maintained a BBB credit rating. Our team valuation has reached €1.267 billion, which is higher than the current book value. However, since we have not sold these players, their market value cannot be included in our accounts. Forbes has valued us at €7.5 billion, representing a 33% increase in club value. We have successfully regained LaLiga's 1:1 financial fair play rules, and we should be very proud of this. UEFA has granted our stadium the honor of hosting the 2029 Champions League final, and it will be the world's best sports venue.""

AI ဘာသာပြန်ဆိုသည်။

AF ၏ PC ဝဘ်ဆိုက် စတင်ထွက်ရှိပြီ! သင့်ကွန်ပျူတာမှ သတင်းများ၊ မှတ်ချက်များ၊ ပွဲစဉ်အသေးစိတ်နှင့် စာရင်းဇယားများကြည့်ရှုနိုင်သည်။ ဝင်ရောက်ရန်: www.allfootballapp.com