FC Barcelona set to meet $1.2bn sales goal ahead of schedule

By Bruno Reis
Share

The Spanish football club, FC Barcelona, has announced that it anticipates it will meet its earnings goal of €1bn (US$1.2bn) before it had previously expected.

The club has noted a significant rise in the value of its sales through broadcast rights and ticket escalations.

The Catalonian team were deemed the third biggest foot club in the world, according to Delloitte’s annual list, following Real Madrid and Manchester United.

The club are likely to earn revenue of €900mn ($1.1bn) from the season, which will increase the team’s revenue by 20% from the previous 12 months, Bloomberg reports.

SEE ALSO:

“We are going to 1 billion euros before 2021, which is good news for the club,” commented Josep Bartomeu, President of FC Barcelona.

“It means that the industry of football is increasing, is growing and that is good for fans.”

The club is expected to sign an agreement for sponsorship – this investment will cover upgrading the stadium’s facilities.

Recently the team was caught in the middle of Spain’s politics following the Catalan independence referendum.

“Sponsors aren’t worried about that. Players’ main concern is that we have to play and we have to be competitive,” Bartomeu added.

Share

Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy

Sustainability

The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital