Joan Laporta’s board of directors overwhelmingly passed the first two votes of the Ordinary General Assembly. Of the 4,597 summoned delegate members, 609 voted in favor of the economic closure of the 2025-26 season, with 32 votes against and 23 blank votes. The budget for the 2026-27 season also passed, receiving even greater support, with 683 favorable votes, 43 against, and 27 blank. These two votes allowed the board to approve accounts that closed with 18 million in extraordinary losses and to greenlight a new budget that anticipates ending the current fiscal year with 19 million in profit.
Treasurer Ferran Olivé was responsible for presenting figures marked by record revenues but also by final losses. Barça reached 1.060 billion euros, 15 million less than budgeted, while operating expenses amounted to 1.022 billion, three million above forecasts. The ordinary result was practically balanced, with a profit of about 150,000 euros, but extraordinary items led the final balance to losses. Among them are 14 million linked to a new depreciation of Barça Productions and another four million for corporate tax, increased by the costs of the BLM company.
Net equity of 168 million, the club’s biggest concern
One of the points that drew the most attention was the debt. The club presented assets of 2.732 billion euros and financial debt of 910 million, to which another 127 million related to the start of interest payments on the Spotify Camp Nou financing are added. The club’s ordinary debt stands at 673 million. The accounts also maintain a negative net equity of 168 million euros, one of the entity’s main economic challenges.
The board defended that the economic situation must also be analyzed from the capacity to generate income and the value of the club’s assets. The squad currently accounts for 53% of the budget and is valued at 276 million in Barça’s accounting, although its market value according to Transfermarkt reaches 1.260 billion. Olivé also highlighted the 6.5 billion euro valuation Forbes attributes to the entity and the BBB rating the club maintains.
Debt dominated much of the delegates’ intervention time. Several members requested explanations about its evolution and also about the increase in expenses associated with the club’s labor structure. According to the data presented during the Assembly, Barça currently has around 2,000 employees.
A budget approaching 1.2 billion in revenues
The accounts, audited by Crowe Auditores, thus passed the first test of the day before the delegates also gave the green light to the 2026-27 season budget. The club plans to raise operating income to 1.195 billion euros and expenses to 1.133 billion. The financial result will be negative by 67 million, partly because the greater availability of the Camp Nou requires allocating more financial expenses to the fiscal year, while the expected ordinary result is a positive one million euros. Without the extraordinary losses of the previous year, the forecast is to end the season with 19 million net profit.
Growth is supported by the return to the Camp Nou, where the club plans to have 62,000 seats available and play throughout the season. Stadium revenues would increase from 225 to 285 million, 60 million more, while the commercial area will contribute another 50 million thanks to BLM and merchandising. The wage bill will rise from 571 to 636 million, 65 million more.
Delegates’ questions focused on the future Palau Blaugrana, the increase in season ticket prices, and the club’s financial plan. Olivé acknowledged that there is still no schedule for the Palau, although he assured it will be built without increasing debt and that “several alternatives” are being studied. Regarding the economic situation, he again pointed to the Camp Nou as the key to growth. “We are in the desert crossing,” he summarized, and placed the big leap in the 2028-29 season, when the stadium is fully operational and allows moving from “just over 200 million in annual income to about 450 million.”
