Barcelona confirms almost $98 million in profits during 2021-22 campaign

By Emre Asikci

ISTANBUL (AA) - Barcelona confirmed Tuesday that it made €98 million ($97.7 million) in profit last season.

"The Board of Directors has approved the budget for the 2022/23 season which includes an operating income budget of 1.255 billion euros, with a profit forecast of 274 million euros," the team said in a statement.

"At the end of the previous season, the board closed the 2021/22 financial year with a turnover of 1.017 billion euros and a profit of 98 million euros," it added.

The Spanish football club took radical measures to reduce staff salaries and make the club economically sustainable following the coronavirus pandemic.

​​​​​​​The team previously inked permanent contracts with Robert Lewandowski for $46 million and $5.1 million in variables; Raphinha for $58 million; Jules Kounde for $50 million and Pablo Torre signed for $5 million as it faced $1 billion in debt.

Defender Hector Bellerin returned on a one-year deal after terminating his deal with Arsenal on transfer deadline day.

Bellerin, 27, put pen to paper until the end of June and a buyout clause has been set at $50 million.