Barcelona forecasts €274 million profit for 2022-23 season

Barcelona’s board of directors closed the financial year with a turnover of €1.017 billion and approved an operating income budget of €1.255 billion for this season

Barcelona said it recorded a profit of €98 million ($98.27 million) for the 2021-22 financial year and forecast a €274 million profit for this season.

Barcelona rank second on Forbes' list of football team valuations with a current value of $5 billion, behind rivals Real Madrid, who are valued at $5.1 billion.

The club said on Monday their board of directors closed the financial year with a turnover of €1.017 billion and approved an operating income budget of €1.255 billion for this season.

Earlier this month, La Liga raised Barcelona's spending limit by €800 million, bringing the club out of a spending deficit after the Catalan side sold off chunks of assets to patch up their finances.

To offset losses and comply with LaLiga's financial fair play rules, Barcelona sold 25% of their domestic television rights to U. S. investment firm Sixth Street for the next 25 years in two deals worth over €500 million.

The club raised an additional €200 million from the sale of a total 49% stake in Barca Studios in two separate transactions, while also signing a long-term sponsorship deal with streaming giant Spotify in March.

That allowed Barcelona to spend more than €150 million in the close season on Robert Lewandowski, Raphinha and Jules Kounde, while Andreas Christensen, Franck Kessie, Hector Bellerin and Marcos Alonso all arrived on free transfers.