FC Barcelona break billion dollar revenue record
News & Trends •
reutersnan fc barcelona announced it has become the first sports club to post annual revenues exceeding 1 billion1 la liga champions barcelona presented their annual accounts on tuesday showing earnings of 1.05 billion for the 201718 fiscal year breaking its own income record for the fifth successive year and posting a profit for the eighth consecutive year1 barca said the rise in revenue was driven by increased income from television rights from the champions league and the august 2017 sale of brazilian forward neymar to paris st germain for a record 222 million euros 257 million transfer fee1 leganes rodrigo tarin in action with barcelonas luis suarez reuterssergio perez1 the club also announced a record budget of 1.105 billion for this season which needs to be approved at a general assembly on oct. 201 the club added that its debt amounted to 181.3 million as of june 301 the extraordinary income from payment of neymar jrs buyout clause has been compensated in next years budget through improved commercial and sponsorship revenue media rights exploitation of the stadium and transfer of players the club said in a statement1 this is the first time that revenue has surpassed 1bn a huge step up from 2016171