After years of losses, debts and financial crises that led to the departure of his legendary star Lionel Messi, Barcelona began to recover and achieve financial profits, approaching rival Real Madrid in the Forbes list to evaluate football teams.
Barcelona Football Club announced that it made a profit of 98 million euros ($98.27 million) for the 2021-22 financial year, and expects a profit of 274 million euros in the current season.
Barcelona ranks second in the Forbes list of football teams, with a value of $ 5 billion, behind rivals Real Madrid, which has a value of $ 5.1 billion.
The club said that its board of directors closed the financial year with a turnover of 1.017 billion euros, and approved an operating income budget of 1.255 billion euros for this season.
Earlier this September, La Liga raised Barcelona's spending limit by 800 million euros, pulling it out of a spending deficit after the Catalan club sold parts of assets to fix the financial situation.
Barcelona sold 25% of the local television rights to American investment company Sixth Street for 25 years in two deals worth more than 500 million euros, to compensate for losses and comply with the league's financial fair play rules.
The club raised an additional 200 million euros from the sale of 49% of its stake in "Barsa Studios" in two separate deals, and also signed a long-term sponsorship deal with the streaming giant "Spotify" last March.
This allowed Barcelona to spend more than 150 million euros in the transfer market, to include Robert Lewandowski, Rafinha and Jules Conde, while signing Andreas Christensen, Frank Kessie, Hector Bellerin and Marcos Alonso free of charge.
Barcelona is second in the league with 16 points from 6 matches, two points behind Real Madrid.