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Spain’s Barcelona to achieve EUR 1bn in sales

Spain’s Barcelona to achieve EUR 1bn in sales

Mubasher: Spain’s football team FC Barcelona is expected to achieve a total sales of EUR1 billion ($1.2 billion) ahead of schedule due to the increase in income generated from broadcast rights and tickets income, the team’s president Josep Bartomeu told Bloomberg on Wednesday.

FC Barcelona’s revenue could surge around 20% to EUR 900 million this season, Bartomeu added.

The Spanish club is set to ink a sponsorship agreement to fund a facility upgrade, including the upgrade of a stadium, Bartomeu revealed.

“We are going to 1 billion euros before 2021, which is good news for the club. It means that the industry of football is increasing, is growing and that is good for fans,” the top official concluded, as Bloomberg reported. 

Barcelona came third in Deloitte’s annual list of football finances, with a total revenue of EUR 648 million for the 2016-2017 season, after Spain’s Real Madrid and the UK’s Manchester United.