2012/13 fiscal year receives majority approval

The Member Representatives have approved the figures for the 2012/13 fiscal year. The vice-president of the Club’s Economic Area, Javier Faus, explained last season’s finances – which are audited by Deloitte – during the second point of order at the Ordinary General Assembly. The vice-president explained: “The difference between this year and last year is that we had to pay taxes, which reduced our net revenue.”

Faus, speaking on behalf of the Board of Directors, said, “we’re moderately satisfied” with the economic results from last season. The revenue from the fiscal year were 490.5 million euros. This figure, according to the vice-president, was affected by the reduction of the number of Club members, which was reduced from 169,000 to 161,000 due to adjustments in the membership process.

In addition, Faus also noted that the overall revenue is a good figure seeing that there were no notable sales from the first team.

Debt reduction

The vice-president also highlighted the reduction of the Club’s net debt, which now stands at 331 million euros. Faus noted that only 100 million of the debt is owed to banks.

Javier Faus then went on to detail other aspects of the Club’s economy. In terms of the marketing department, the vice-president said that “there’s room to generate additional revenue,” and he added that “the Club is investing resources to grow internationally,” because “Barça is a global brand and there are many businesses interested in the Club.”