One of the giants of Spanish basketball, Barcelona, reported significant losses following the results of the past season. They amounted to € 28.2 million, Eurohoops reports. Compared to the previous season, losses increased by more than 26%, with a total of € 28.2 million, the second largest loss in club history.
The reason for major financial losses was the suspension of the competition due to the coronavirus pandemic. The Euroleague season was not over yet, while the Catalans were one of his favorites. In addition, the financial situation was influenced by the result in the domestic championship, in which Barcelona failed to win the title. Also, large sums were allocated for the salaries of club employees, which affected the figures in the annual report. Meanwhile, revenues declined in almost all areas, including revenue from ticket sales and sponsorship deductions.