FC Barcelona slashes wage bill by €170m amid €91m loss

FC Barcelona faces HUGE loss of €91m for 2023/24 financial year

FC Barcelona slashes wage bill by €170m amid €91m loss
FC Barcelona slashes wage bill by €170m amid €91m loss

FC Barcelona’s financial crisis deepens as the club faces €91m loss.

After a really long meeting of the club’s directors, the failed sell-off of Barcelona’s digital media business was blamed.

Barca Vision seemingly left the club writing off €141 million.

The “non-payment by some of the investment partners” were also blamed for the huge setback.

However, the club came up with a new digital business plan but it “remains confident in its future viability and capacities, with a business plan in place that should generate recurring revenue in the near future.”

Barcelona’s imperious women's team also contributed €600,000 in profit.

“This result serves as the foundation to restore positive cash flows, enabling the club to meet both current and historic payments, make necessary sporting and non-sporting investments, and place it in the optimal position to reduce the debt once the new Spotify Camp Nou is fully operational,” said a club statement.

Another major step taken by the football club was a reduction of €170 million in its wage bill to €500 million.

For 2025, the club is hoping for an operating profit of €5 million.