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Barcelona approves record budget
Spain - 03 September, 2007
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It has been busy off the field for Spanish Barcelona.
The club set forth a record EUR 315 million budget and signed on to extend its agreement with Nike for five more years.
That is coming off a season in which the club brought in net profits of EUR 6.8 million, meaning an overall increase of EUR 2.7 million in profits versus the previous season.
The Nike agreement is estimated to bring in EUR 40 million a year. Club president Joan Laporta called the deal "the best in our history."
The club set forth a record EUR 315 million budget and signed on to extend its agreement with Nike for five more years.
That is coming off a season in which the club brought in net profits of EUR 6.8 million, meaning an overall increase of EUR 2.7 million in profits versus the previous season.
The Nike agreement is estimated to bring in EUR 40 million a year. Club president Joan Laporta called the deal "the best in our history."
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