Credit: fcbarcelona.es

FC Barcelona’s financial statement for the 2014/2015 season

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FC Barcelona’s financial statement for the 2014/2015 season

Total income last season was €608M in part for the treble win

The Managing Board has released FC Barcelona’s financial statement for the 2014/2015 season.

According to the report the club has earned a total income of €608 million and a profit after taxes of €15 million.

Part of the income, €31 million, came from transfers like those of Alexis, Deulofeu or Hezonja, according to the report.

For the first time in its history, and due in part to the treble win, the blaugrana club has surpassed the €600-million-mark.

The Deloitte audit firm has presented its report regarding the club’s season.

Deloitte did not add any exceptions, or the figures they didn't agree with, which means that the audit firm just confirmed the amounts reported by the club.

The audit company’s report said that the numbers from the 2014-2015 fiscal year represent “a faithful image of FC Barcelona’s equity and financial situation” as of June 30 2015.

But not everything is good news for Barça. The report indicates that the wage bill, or the amount given as salary to players, has skyrocketed, going past the recommended limits.

The wage bill used up 73 percent of the club’s total income, when the optimum levels recommended as sensible are between 55 to 70 percent.

The wage bill which represents a total of €352 million has increased by 31 percent in the treble victory year as a consequence, according to the report.

The club’s net debt has risen from €287 million to €328 million. This means that the club has failed to abide by the patrimony equilibrium rule stipulated in article 67 of the new bylaws.

The rule allows for a maximum net debt to EBITDA (earnings before interest, taxes, depreciation, and amortization) ratio of 2.75. The current ratio is 3.2, with the EBITDA being €105 million.

According to the same article and the transitory provision of the bylaws, the board has two years to get back to the set ratio, or they would have to resign and a Managing Board should take over.

This situation would only apply if Josep Maria Bartomeu or Toni Freixa would win, because they were members of the board under which the ratio passed the limit.

As an interesting fact, Barça paid €1.486 million in termination benefits to members of the executive committee last season, when the general manager, Antoni Rossich, and the technical secretary, Andoni Zubizarreta, were let go.

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Source: Diari Ara