Barcelona post record revenues of €708million

Barcelona recorded record revenues of €708million
during the 2016-17 financial year, according to
their latest set of results.

Club spokesman Josep Vives told a news
conference that the return was €13m more than
Barca's projected figure.
At the end of the 12-month period, Barcelona
recorded a profit of €18m after tax, while debt has
been reduced by €24.5m to €247m.
The figures outstrip Barcelona's revenues of €679m
for the previous year, with a four-year renewal of
the club's sponsorship with Qatar Airways
boosting the coffers.
Japanese internet retailer Rakuten began a four-
year shirt sponsorship deal with Barca this month
that will be worth €55million per season to the
LaLiga giants.
Rivals Real Madrid reported revenues of €620m
last October, but those figures did not include
money brought in from player sales as Barcelona's
do.
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