Barcelona incur €97m financial loss due to COVID-19

Barcelona to allow Lionel Messi to decide his future

The Coronavirus has impacted them financially, reveals the club statement.

Barcelona have suffered a huge financial loss in the aftermath of the Coronavirus pandemic.

According to reports, Barca have suffered a yearly loss of 97m euros, with their revenue dipping to 855m euros, as opposed to their desired target of €1b.

Barca decreased their expenses by 74m euros and the players also took a pay cut up to 70 per cent, but that couldn’t prevent their financial downfall.

It is also added that the matches being played behind the closed doors, coupled with their trophyless season played a big hand in their financial crisis.

A club statement read, “The ECA [the European Club Association] has estimated the overall loss at around €4bn (£3.6bn/$4.7bn) and Barca, as one of the largest clubs in Europe and with such extensive diversification of its income, is one of the most affected.”

“The club suffered financially from the consequences of games being played behind closed doors, as well as the total cancellation of the basketball Europa league, and hence there was a considerable loss of income.”

“The lack of tourists and visitors to the city of Barcelona due to the reductions and limitations applied to international tourism also meant far fewer visitors to Barca’s premises, meaning major losses in terms of such areas as visitors to the Camp Nou Experience and the sale of products in official stores.”

Barca’s TV revenue has also taken a hit, suffering a 31m pounds drop than of the previous year.

However, the Catalan club are expecting around 791m euros in revenue for the 2020/21 season.

The Blaugrana experienced a difficult year in various aspects, from getting knocked by Bayern Munich in the Champions League to Lionel Messi’s short-lived transfer saga.