Jul 29, 2014, 1:58 PM EST
They may not have won any silverware during the 2013-14 season, but off the pitch Barcelona did very well indeed.
In a statement released on Tuesday by the Catalan club, they revealed a record income of $711 million over the past year plus managed to make a total profit of $55 million.
Not a lot of soccer clubs make profits these days, so that’s good going from Barca.
Javier Faus, Barcelona’s vice president of finance, presented the club’s financial report for 2013-14 and said it made money on it operations while reducing net debt.
We are not taking about a debt free club here (do those exist among European powerhouses anymore?) oh no… Although Barcelona reduced its net debt by $60 million, as of June 30 it still stood at $385 million. Faus took over the finances at Barca in 2010 and performed some self-celebratory trumpet blowing. Rightly so.
Since he took charge Barca have reduced their debt by $191 million and they have risen from 24th to second in Forbes ranking of the world’s most valuable clubs.
Like many of Europe’s top teams, Barca still have a long way to go until they balance the books but they are heading in the right direction.
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