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Green light for 2011/12 budget

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24.09.2011 18:16

Green light for 2011/12 budget

Roger Bogunyà

94% of the members at the assembly have voted in favour of the budget presented by Antoni Rossich, director general of the Club, which foresees profits of 20.1 million. “It is a prudent and realistic budget” he said.

At last year’s General Assembly, the director general of the Club, Antoni Rossich, explained that the losses expected in the 2010/11 season, which turned out to be 9.3 million euros, were “essential in order to make profits a year later.” 12 months have passed since then, and the members are united in their support, with 94% in favour of the budget presented for the 2011/12 season, which see profits of 20.1 million. Rossich called it “realistic, it was produced responsibly and following highly prudent criteria”.

Antoni Rossich explained that this budget had been designed on the assumption that the first team will win La Liga, get to at least the semi finals of the Cup, the quarter finals of the Champions League and the Clubs World Cup Final.

40 million less expenses

The profit of 20.1 is directly related to the reduction in expenses with respect to 2010/11. In total, the decrease is 42.4 million euros, 9%. These lower expenses are the result of the fall in losses for transfers, for which the figures were high last season owing to the transfers of Ibrahimovic and Chygrinski.

Income of 461 million

As for income, this is expected to fall from 473 to 461 million euros, because there are four Spanish teams in the Champions League, unlike the three last season, which affects the share of television income. But if Barcelona win the Champions League, the total income would rise to 491 million euros. However, the overall profit would still be about 20 million euros, because the expenses would increase in similar fashion.

Adell: “A successful change of course”

2011-09-24_ASSEMBLEA_GENERAL_ORDINARIA_2011_014.jpgThe president of the Economic Commission, Ramon Adell, ended the third item on the agenda with a speech, which like Rossich’s, was prudent and optimistic: “We can’t fall into the temptation of thinking about how we can spend these profits. By making money each year we can increase our assets, which is an imperative need … We have successfully changed the course of this ship, but the crossing will be a long one and we need to make up for previous setbacks”.

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