Joan Laporta

Loki

Loki

Well-known member
President Laporta: "We are at the end of our journey through the desert. This season will close with positive operational results for the first time since 2017. When Barça had to be saved, it was in 2021, not now." Via
@JoanPoquiEraso

It took only 7 years to operate positively again!
 
Andresito

Andresito

Senior Member
Staff member
Can't wait until we're back at Camp Nou. Would be embarrassing if after all this fuss with Montjuic we still have a hard time filling up the limited seats at Camp Nou. It's expected to be 60% so around 60k. People need to get their asses to the stadium now.
 
jamrock

jamrock

Senior Member
Loki said:
President Laporta: "We are at the end of our journey through the desert. This season will close with positive operational results for the first time since 2017. When Barça had to be saved, it was in 2021, not now." Via
@JoanPoquiEraso

It took only 7 years to operate positively again!
Click to expand...
BIG if true.
 
Messi983

Messi983

Senior Member
jamrock said:
The club reported we cut our wage bill by 180m, now it's being said we borrowed 100m to meet payroll


Nah I call cap on that, borrowing 100m to meet payroll is a big deal.
Click to expand...

Wage bill is still 500m.

Club pays wages twice a year (December/January, June) so we need 250m on club accounts before end of this month. These are just "bridge" loans to help out with short term cash flow and club has done that in the past when our situation was much better (but ofc had to pay 350-400m at once at those times) so nothing new.

We'll have to wait for financial reports for this season but it's fair to say club won't get projected revenues from Montjuic as attendance was lower than they prognosed. We are also still waiting for that money from Libero palancas.

I assume this 250m includes wages for all professional sections as bonuses for FCB Femeni team (for winning CL) were mentioned but obviously that's just a small % of this whole sum. Femeni football is the only self sustainable section but even they generated a small operating loss in 2022/23 despite net turnover almost doubling compared to previous season (mostly increasing incomes from marketing and advertising that jumped from 4m to 8,7m).

Probably will have to pay some bonuses for handball team winning CL as well but Dika Mem and Melvin Richardson are reportedly earning 1m/year as highest paid players so I'd assume bonuses for whole team are not exactly high either. Wage budget for last season was around 7m but problem is they don't generate much revenues. For example incomes for TV rights have gone down from 1,7m to 830k. There is just not much money in handball and playing in the league where we had no competition for the last decade doesn't help either. Won't happen for many reasons but would be great if we could join German or French league. Not only from sporting but also financial perspective.

Basketball team is even bigger problem as their expenses were on the level of an elite European team but provided no results and bring back little money compared to the investments. Basketball section had operating loss of 56m on June 30, 2023 but it's true 25m of that was extraordinary loss for paying out contracts of Mirotić, Saras etc. But then we also made Willy Hernangomez reportedly highest paid player in Europe and he had a disappointing season like rest of the team.

For example in 2022/23 FCB Femeni generated 13m net turnover with expenses of around similar level. OTOH basketball generated 17m of net turnover but with 72m expenses. Granted as mentioned above 25m of that was extraordinary loss but still.

As for 2023/24 planned net turnover for women's football was 17m and operating profit of 2,3m. While for basketball they planned to get 21m but with a winningless season we just had don't see us reaching that. Wages were cut for around 1/3 but stil projected at 25m with operating loss of 13m that will surely be higher.


Amortization costs lowered from 113m in 2022 to 88m in 2023 and since we had no big transfers last summer will stay on similar level. Could ofc have additional depreciation costs if we sell a player (like Ferran) whose value on the books is higher than what we will get for him.

OTOH collective premiums in 2022/23 (when we won La Liga) were 72m and a season before 39m. So would assume it will be closer to that latter again. We got further in CL this season but don't think anyone should get bonuses for reaching CL quarter-finals. Don't know what's in players's contracts though, especially those that were still signed by Bartomeu.
 
jamrock

jamrock

Senior Member
Messi983 said:
Wage bill is still 500m.

Club pays wages twice a year (December/January, June) so we need 250m on club accounts before end of this month. These are just "bridge" loans to help out with short term cash flow and club has done that in the past when our situation was much better (but ofc had to pay 350-400m at once at those times) so nothing new.

We'll have to wait for financial reports for this season but it's fair to say club won't get projected revenues from Montjuic as attendance was lower than they prognosed. We are also still waiting for that money from Libero palancas.

I assume this 250m includes wages for all professional sections as bonuses for FCB Femeni team (for winning CL) were mentioned but obviously that's just a small % of this whole sum. Femeni football is the only self sustainable section but even they generated a small operating loss in 2022/23 despite net turnover almost doubling compared to previous season (mostly increasing incomes from marketing and advertising that jumped from 4m to 8,7m).

Probably will have to pay some bonuses for handball team winning CL as well but Dika Mem and Melvin Richardson are reportedly earning 1m/year as highest paid players so I'd assume bonuses for whole team are not exactly high either. Wage budget for last season was around 7m but problem is they don't generate much revenues. For example incomes for TV rights have gone down from 1,7m to 830k. There is just not much money in handball and playing in the league where we had no competition for the last decade doesn't help either. Won't happen for many reasons but would be great if we could join German or French league. Not only from sporting but also financial perspective.

Basketball team is even bigger problem as their expenses were on the level of an elite European team but provided no results and bring back little money compared to the investments. Basketball section had operating loss of 56m on June 30, 2023 but it's true 25m of that was extraordinary loss for paying out contracts of Mirotić, Saras etc. But then we also made Willy Hernangomez reportedly highest paid player in Europe and he had a disappointing season like rest of the team.

For example in 2022/23 FCB Femeni generated 13m net turnover with expenses of around similar level. OTOH basketball generated 17m of net turnover but with 72m expenses. Granted as mentioned above 25m of that was extraordinary loss but still.

As for 2023/24 planned net turnover for women's football was 17m and operating profit of 2,3m. While for basketball they planned to get 21m but with a winningless season we just had don't see us reaching that. Wages were cut for around 1/3 but stil projected at 25m with operating loss of 13m that will surely be higher.


Amortization costs lowered from 113m in 2022 to 88m in 2023 and since we had no big transfers last summer will stay on similar level. Could ofc have additional depreciation costs if we sell a player (like Ferran) whose value on the books is higher than what we will get for him.

OTOH collective premiums in 2022/23 (when we won La Liga) were 72m and a season before 39m. So would assume it will be closer to that latter again. We got further in CL this season but don't think anyone should get bonuses for reaching CL quarter-finals. Don't know what's in players's contracts though, especially those that were still signed by Bartomeu.
Click to expand...

Well that offers a lot more context than simply saying we needed to take out an 100m loan to meet payroll, as if it's something extraordinary and only happening due to our current situation.

We'll see how the finances are in a few weeks, but 500m is significantly better than what it was and heading in the right direction.
 
Messi983

Messi983

Senior Member
jamrock said:
Well that offers a lot more context than simply saying we needed to take out an 100m loan to meet payroll, as if it's something extraordinary and only happening due to our current situation.

We'll see how the finances are in a few weeks, but 500m is significantly better than what it was and heading in the right direction.
Click to expand...

Ofc, was just doing a bit of El Masala Deportivo level of reporting with that previous post. :)
 
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