Summary Barcelona are to table a record 695 million euros budget forecast for the 2016-2017 season
BARCELONA (AFP) - Heavyweight football power Barcelona are to table a record 695 million euros (�627M, $766M) budget forecast for the 2016-2017 season at an upcoming annual General Assembly, the club revealed on Wednesday.
On the basis of this the Socios, the fans who are the club s stakeholders, would be asked to approve an operating expenses budget of EUR663 million at the meeting on October 29.
Club president Josep Maria Bartomeu has said he wants to see the club become the first in history to have a turn over of a billion euros in one year, something he predicts could happen in 2021.
They closed the 2015-2016 fiscal year, a season in which they won La Liga and the Copa Del Rey double, with a record income of EUR608 million and a profit of EUR15 million.
The club has had a raise in television and marketing revenue since then and last month opened offices in New York as part of its global branding expansion.
Arch rival La Liga outfit Real Madrid earned EUR620 million last year and has been the top earning club in world football for the past 11 seasons.
