Barcelona approve historic €897m budget

first_imgBarcelona Barcelona approve historic Neymar-funded €897m budget Patric Ridge Last updated 2 years ago 20:39 10/21/17 FacebookTwitterRedditcopy Comments(2) Barcelona - cropped Twitter (@FCBarcelona) Barcelona Primera División Blaugrana president Josep Maria Bartomeu says the club have no plans to leave La Liga following the approval of a record budget Barcelona have approved their largest ever budget of €897 million for 2017-18, following a record revenue in 2016-17.The Liga giants’ earnings of €708m for 2016-17 were presented at the club’s General Assembly on Saturday, with club members then approving next year’s record budget with 391 votes for and 49 against.Barcelona -3 19/20 v Malaga Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player The huge revenues included the €188m received after tax from Paris Saint-Germain for Neymar in a record-breaking move. It is the first time Barca have surpassed the €700m barrier in terms of revenue for a fiscal year, and the club have now accumulated a profit of €175m since 2010.Barca plan to have earned €1billion in revenues by 2021, though that strategy could be threatened by the political unrest in Spain following the Catalan independence referendum.Regardless of how the political situation is resolved, however, Barca have no plans to leave La Liga, with club president Josep Maria Bartomeu insisting a place in Spain’s top-flight is key to continuing their financial development.A summary of the statement of accounts for FC Barcelona’s 2016/17 season #FCBlive— FC Barcelona (@FCBarcelona) October 21, 2017″Barca is more than a club and it must be a place of concurrence and respect,” Bartomeu told the assembly. “You must respect all, minorities and majorities, think about how you think.”Barca will not be manipulated by political interests, or where they came from. We want to continue playing in the League and our participation is guaranteed.”The viability of both institutions goes on.”last_img read more