❗Barcelona has closed 2020-2021 with record losses for world football of €481m, which will allow it to record extra income in 2021-2022 and clean up old operations.
#FCB

Via: @2Playbook
@2Playbook ❗Barça's balance sheet reveals that sports intangible assets have been cut by 47.5% in a year, leaving the book value of rights over athletes at €313.18m.

• And it not only has to do with the planned amortization and reduction in investment in new players.

Via: @2Playbook
@2Playbook • The 2020-2021 accounts include an ordinary amortization of the player acquisition rights for €154.91m.

• The club has charged losses for impairment of the book value of footballers for €164.93, to which €30.46m are amortizations for transfered players.

Via: @2Playbook
@2Playbook • Laporta board has decided to deteriorate in advance the "preferential rights" over certain players for €10.55m, which refer to José María Giménez, Saúl Ñíguez and several Atletico Madrid homegrown players, as part of the signing of Antoine Griezmann.

Via: @2Playbook
@2Playbook • Precisely the French striker is the protagonist of part of that valuation correction on several players.

• Barcelona took the rights to the new Atleti striker, as well as Trincao, Pjanic or Samuel Umtiti, with an unforeseen cost of €125.04m out of €163m.

Via: @2Playbook
@2Playbook • Hence, the paid transfer of the Portuguese and the departure of the attacker will already have a positive impact of €26.9m in the accounts for 2021-2022.

Via: @2Playbook
@2Playbook • Because of anticipating costs by fattening the losses of €481m from 2020-2021 will play a crucial role, in that the budget for 2021-2022 already points to profits.

Via: @2Playbook
@2Playbook ❗ The new amortization schedule, more benevolent for Laporta

• If no changes had been made, the accounts for 2021-2022 should charge €177.5m in player amortizations, which were reduced to €120.37m with the restructuring and finally it will only be €86.8m.

Via: @2Playbook
@2Playbook • The numbers also project a strong reduction in the cost of the sports squad in the future, with amortizations of €83.15m in 2022-2023, which will drop to €76.14m in 2023-2024 and €33.5m in 2023-2024.

Via: @2Playbook
@2Playbook ❗Sports salaries, at their lowest point since 2016-2017 and with pending bills.

• The annual accounts reveal that the agreements with the athletes will postpone a payment of €40.1m and €53.7m will be later transferred through renovations.

Via: @2Playbook
@2Playbook ❗Laporta's first budget at the head of Barça contemplates that the turnover improves by 19%, to €684.6m.

Via: @2Playbook
@2Playbook • Laporta hopes to close the sale of 49% of Barça Studios for at least €100m, distributed between €50m in cash payment and €50m more in injection into a new company that will operate the audiovisual business.

Via: @2Playbook
@2Playbook ❗Goldman Sachs, the key player to place the Blaugrana debt and lower its cost.

• The numerous short-term operations that Barça signed in order not to run out of liquidity caused financial costs to skyrocket in 2020-2021, to €41.9m.

Via: @2Playbook
@2Playbook • However, the €595m refinancing coordinated by Goldman Sachs will allow debt service to drop to €27.6m in 2021-2022.

Via: @2Playbook

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More from @Barca_Buzz

6 Oct
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#FCB 🇪🇸

Via (🟢): @ferrancorreas [Sport] Image
@ferrancorreas • Barça intends to tie Gavi until June 30, 2026 and also increase his termination clause to €500m, but first it will assess and study with the player's representative, Iván de la Peña, the contractual regulations regarding minors.
#FCB 🇪🇸

Via (🟢): @ferrancorreas [Sport]
@ferrancorreas • The club wants to tie the player with a 5-year old contract, although formulas such as a 3 + 2, with an automatic renewal clause, could also be studied.
#FCB 🇪🇸

Via (🟢): @ferrancorreas [Sport]
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