La Liga: FC Barcelona suffer massive $565.4 million loss despite Lionel Messi, Griezmann exits

La Liga: FC Barcelona suffer massive $565.4 million loss despite Lionel Messi, Griezmann exits
La Liga: FC Barcelona suffer massive $565.4 million loss despite Lionel Messi, Griezmann exits

La Liga: Barcelona on Thursday approved a budget of 765 million euros ($899 million) for the 2021-2022 season, the club said.

La Liga: FC Barcelona suffer massive $565.4 million loss despite Lionel Messi, Griezmann exits

“An operating budget of 765 million euros for the 2021/22 season has been approved,” Barca said in a statement after a board meeting.

La Liga: Barcelona had intially forecast revenues of 791 million euros ($932 million) for the 2020/2021 fiscal year.

FIFA World Rankings: England put former World Champions France out of Top 3, Check out full rankings

However, this had been based on the assumption that fans would return to stadiums last December post-pandemic, which ultimately did not happen.

On Thursday, the board of directors also approved “the close of the fiscal year for the 2020/21 season, with a loss of 481 million euros ($565.4 million)”.

La Liga: FC Barcelona suffer massive $565.4 million loss despite Lionel Messi, Griezmann exits

Barcelona president, Joan Laporta, had already announced these losses during a press conference he gave in August to explain the departure to Paris Saint Germain of Argentine star Lionel Messi.

Manchester City vs Southampton LIVE in Premier League: Defending Champions seek to go at the top of the table again, MCI vs SOU live streaming, follow for live updates

La Liga: At the time, Laporta also acknowledged the club’s significant debt, which stands at 1.35 billion euros ($1.587 billion).