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EPL English Premier LeagueBarcelona Incurs Financial Losses Due to COVID-19, Especially in the Player Revenue...

Barcelona Incurs Financial Losses Due to COVID-19, Especially in the Player Revenue Sector

The pandemic has made soccer come to a standstill, which has resulted in a significant reduction in revenue for all teams, including Blaugrana. If all their revenue sources are accumulated, this season Barcelona to lose as much as 220 million euros.

Barcelona thus faces a daunting task of balancing its accounts by the end of June following the effect of COVID-19.

La Vanguardia has estimated the figure at 154 million euros, taking into account the loss of ticket sales from Camp Nou, the closing of official shops and museums, as well as the suspension of the operations of club academies around the world.

The Catalans have thus carried out a report on the effect that the epidemic has had on the club’s profits and are reported to have lost some 150 million euros, with the expectation of losing 70 million euros more in the player revenue sector.

The Board is working hard to reduce this effect. But the player revenue sector, which was valued at 124 million euros, still needs approximately 70 million euros to balance the accounts.

Some of the ways that Barcelona has tried to minimize this amount is through the ERTE system, both for players and club staff.

Barcelona also aims to eliminate the deficit from players like Nelson Semedo, Arturo Vidal and Jean-Clair Todibo, among others.

Hence, it is estimated that the club would save between 40 million euros and 50 million euros.

Then there’s the TV money from which, if the remaining La Liga Santander games are played, Barcelona will recover 20 to 25 million euros.

Finally, a vital revenue stream for Barcelona would be through the success of the Champions League, which would further strengthen the club’s coffers.

With these three revised measures, Barcelona will hopefully be able to keep its standing.