Earlier this week, Barcelona lost $113. 5 million (97 million euros) for 2019/20.
Translating the monetary states of Barcelona can be a challenge at best, but the effect of Covid-19 has made the task difficult. Instead of simply comparing the budget with the real one, Barcelona decided to insert some other set of figures, which would be FC Barcelona’s monetary global would have seemed if the Covid-19 had not passed.
Supposedly, in a non-Covid world, Barcelona would have made a profit of 2. 3 million dollars (2 million euros). The explanation for why Barcelona would move to such extremes is a discussion for a while, especially when a profit of $2. 3 million in a reported turnover of $1. 24 billion is no cause for rejoicing.
Much of the policy has focused on the loss of profit for Barcelona caused by the pandemic What has largely been overlooked is that even after the withdrawal of sports salaries due to the Covid-19, the genuine collection only $7 million (6 million euros) with a budget of 750 million dollars (642 million euros). Another confirmation that Barcelona’s wage prices were out of control.
However, the presentation of a revised espai Barca assignment: the renovation and modernization of Camp Nou and related services are even more attractive than the operational results of 2019/20.
In April 2014, Espai Barca was approved by 72% of voters on a budget of $700 million (600 million euros). The investment consisted of 3 installments of 234 million dollars (two hundred million euros) – capital of the club, a sponsor whose call for industry would be annexed to that of Camp Nou (property rights) and a bank loan.
The initial plan included the renovation of Camp Nou, the structure of a new Palau Blaugrana for 10,000 spectators, with a Petit Palau for 2,000, an ice rink for 500 and the Barca Campus. The paintings will be completed until 2021 and more than 8 fiscal years will be financed from 2017 to 2024.
The warnings were that the paintings would not charge members anything, the payment could never jeopardize the sporting aspect of the club and the club’s assets would never be mortgaged as collateral. The initial plan assumed that Barcelona would generate additional revenue of $58. 5 million. (EUR 50 million) consistent with the year after the transfer is complete and wholly incompatible with the optional one.
A small part of the transfer ended in August 2019, with the inauguration of Estadi Johan Cruyff, home of Barca B and the women’s teams.
But since the original plan was approved, there have been adjustments to scope and base costs.
Construction prices have risen by up to 25%, with an estimated cost of $850 million (725 million euros). In addition, $105 million (90 million euros) of interest will be capitalized on a loan from US investment bank Goldman Sach. estimated loan amount to $950 million (815 euros) at the time of the final touch of the project in 2025. Then comes the additional interest owed for 25 years.
Loan repayment will require invoices of $58. 5 million (50 million euros) consistent with 2024/25. When it loads everything, the total structure plus the investment is now $1. 460 billion (1. 25 billion euros), more than double that approved through members six years ago.
But, the burden of the allocation skyrocketed, Barcelona discovered more profits to help pay the bill. Instead of the estimated $58. 5 million (50 million euros) consistent with 2014, the estimated additional turnover is now $175 million (150 million euros).
The allocation of additional revenue comes from 3 main resources that contribute $58. 5 million (50 million euros): stadium ownership rights and new sponsorship contracts; Lodges and VIP seats; new visitors and similar services.
Although Barcelona solved the problem, the accumulation would have to be net of any additional operating and maintenance prices for the new estimate of additional revenue to be true.
Projections now estimate that after repaying the year of the loan, Barcelona will generate $117 million (100 million euros) in the new profit year.
The new plan ensures assumptions such as;
The new plan will have to be approved through club members, and the club has indicated that a referendum could take place in early 2021. Since the presidential election is scheduled for March 2021, the new plan can be expected to generate much discussion and policy in the coming months.
If everything aligns and the new plan is launched, the paintings are scheduled to begin in the summer of next year.
I have been a football announcer and announcer for over 25 years and have followed the game of the world for as long as I can remember. I was a football analyst for Fox Soccer
I have been a football announcer and announcer for over 25 years and have followed the game of the world for as long as I can remember. I was a football analyst for Fox Soccer Report and Fox Soccer News from 2001 to 2013.