Barcelona's finances in trouble: record loss of €560,000
FC Barcelona has been trying to cut expenses for the past three seasons, but the result has been a huge deficit that has increased year after year. According to 2PlayBook's latest annual report, Barcelona is in the red for the 2022-2023 season by a record €560,000, nearly half of which is in release payments for coaches and players.
Barça's basketball department is also in financial trouble, recording its biggest ever loss of €280,000 for the 2022-2023 season.
In order to reverse the financial decline, Barça plans to reduce the deficit to €130,000 in the 2023-2024 season. In order to do so, Barcelona will take a massive pay cut, including first-team players, coaches and non-sporting staff.
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Below are the specific cost-cutting measures Barcelona plans to take:
First team player salaries will be reduced from €380,000 to €80,000
Non-sporting staff costs will be cut from €270,000 to €60,000
Sponsorship income is expected to exceed €20.24 million for the first time.
Barça's financial situation is worrying and the club could face an even bigger financial crisis if it does not control its spending effectively.
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