FC Barcelona Basketball Records Historic Loss in 2022-2023 Season
FC Barcelona’s basketball section has closed the 2022-2023 season with the largest loss in its history, totaling €56.6 million
FC Barcelona’s basketball section has closed the 2022-2023 season with the largest loss in its history, totaling €56.6 million. This is double the loss compared to the 2019-2020 season and an 88% increase over the budget set at the beginning of the year.
Key Points:
Initial Budget: The club initially expected to lose nearly €28 million in the 2022-2023 season.
Extraordinary Expenses: The deficit was higher than expected due to €25.27 million reserved for player layoffs like Nikola Mirotic and Cory Higgins.
Revenue: The club generated €16.92 million in revenue, an 18.2% increase from the previous year, mainly due to TV rights and competitions.
Future Outlook:
For the 2023-2024 season, the club expects a significant adjustment with losses expected to reduce to €13.77 million. The key will be reducing the team’s spending from €38.88 million to €27.06 million.
Sponsorship and Revenue:
The club expects the basketball section to generate €21.24 million in the 2023-2024 season. All business lines will remain unchanged except for sponsors, which are expected to contribute over €10 million for the first time.
Source: 2Playbook Intelligence