Arcelona has announced losses of millions of euros (88 million pounds) for the 2019-20 season for the coronavirus pandemic.
The Catalan club has been greatly affected by the pandemic, without fans at its Camp Nou stadium since it began closing in March, as well as significant relief in the number of visitors to the club museum and official outlets in recent months.
A on Barca’s official website read: “The 2019/20 economic year ends with losses of 97 million euros, caused by the effects of covid-19. “
He added: “The effect of the pandemic implies a minimisation of $203 million in cash revenue and it is estimated that without this effect the expected billions of cash would have been exceeded and the year would have ended with a profit of 2 million. “
Barcelona then explained the losses.
“The club has suffered financially from the consequences of closed-door matches, as well as the general cancellation of the Basketball Euroleague, so there has been a heavy loss of revenue,” they said.
The shortage of tourists and visitors in the town of Barcelona due to the discounts and limitations imposed on foreign tourism has also meant fewer visitors to the Barca enclosure, which means significant losses in terms of spaces as visitors to Camp Nou enjoy the sale of products in official stores. “
In total, Barcelona has accumulated 820 million euros (744 million pounds) in debt, the club’s vice president for economics, Jordi Moix, said on Monday, that the figure is reduced to 488 million euros (442 million). sterling) with money earned and payable to the club.
Despite these figures, the Catalan club confirms its objective of continuing its Espai Barca project, which includes the renovation of its Camp Nou stadium, for 815 million euros (739. 7 million pounds) over the next 30 years.
“This operation will take place with Goldman Sachs,” Barca said.
Under the terms of the new financing plan, the overall amount of the agreement is EUR 815 million (725 for investment and to pay the tables and 90 million for interest capitalized during the five years of tables plus initial monetary costs).
Meanwhile, Barca has validated 13574 signatures of the 16520 needed to force a motion of censure against President Josep Maria Bartomeu, which can lead to the catalan club elections this autumn.
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