Barcelona FC may hit USD1.2 billion sales target ahead of schedule

Barcelona FC may hit USD1.2 billion sales target ahead of schedule

Spanish football giants, Barcelona Football Club may hit a sales record of about USD1.2 billion before 2021 as income from broadcast rights and tickets the club’s President Josep Bartomeu said.

President of the Catalan club revealed in a Bloomberg Television interview in London that Barcelona may reach 900 million euros in revenue this season, a jump of more than 20 percent on the previous 12 months. The club is close to signing a sponsorship agreement to fund an upgrade of facilities including its stadium, said Bartomeu.

“We are going to 1 billion euros before 2021, which is good news for the club,” Bartomeu said before the team’s Champions’ League match against Chelsea. “It means that the industry of football is increasing, is growing and that is good for fans.”

Recalled that Barcelona recently signed a new partnership with Turkish electronic company, Beko for the next three seasons. The club did “not give financial information about the deal,” which local media reported was worth €57M ($71M). Beko currently sponsors the left sleeve of Barça’s shirt and the back of its training kit as part of a deal signed in 2014.

Barcelona ranks third in accountant Deloitte’s annual list of soccer finances, with revenue of 648 million euros for the 2016-17 season, trailing its Spanish rival Real Madrid and Manchester United. The British club topped the table with sales of 676 million euros, according to Deloitte, which makes some adjustments so the figures are comparable.

Bartomeu reiterated the club would not sell 30-year-old star Lionel Messi at any price after inserting a 700 million-euro buy-out clause in his contract last November. Bartomeu said he expects Messi to renew his current four-year deal when it expires and to “stay forever.”

Barcelona host Chelsea at Camp Nou in the return leg of the Champions League Round of 16 next month. Meanwhile, the Catalan side leads the Spanish league by seven points from Atletico Madrid, with Real Madrid in fourth position a further 10 points behind.