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Barcelona end season with profit despite lack of trophies
| Written by: AFP |
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| 2008-07-04 15:44:38 | ![]() |
MADRID (AFP) - Barcelona finished last season in the black for the fifth consecutive year with a net profit of 10.1 million euros (15.8 million dollars) despite failing to win any silverware, the Spanish club announced Friday.
Operating income rose to 16.1 million euros while the club's debt was reduced by 28 million euros to about 190 million euros, Barcelona vice-president for finance Ferran Soriano told a news conference. The club, which is looking to recruit new players, will have a budget of 380 million euros for the 2008-09 season, the biggest budget in its history, he added. The results were announced just two days before Barcelona president Joan Laporta faces a vote of confidence requested by two supporters who were angered by the Spanish club's poor season. The 45-year-old, who has headed the club since 2003, will be forced to resign if a minimum of 10 percent of the club's members vote on Sunday with at least 66 percent of them backing the censure motion. Laporta reiterated Friday that he felt the censure motion was unjustified. "This initiative is unjust and disproportionate. There is no objective reason to call for it," he said. The last title won by Barcelona was the Spanish Supercup in 2006, a trophy for the winner of a match between the champions of the previous season and the winner of the Spanish Cup. The club, which will enter the preliminary round of the Champions League, has just spent 29 million euros to buy Brazilian defender Daniel Alves from Seville and is reportedly chasing Russian attacker Andrei Arshavin from Zenit St. Petersburg. |
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Discuss- Add comment
Tontodonati July 6th, 2008 01:41
Maybe they could send me a cash donation. Come to think of it, it's the right thing to do!