MADRID (AP) — Barcelona had been on track for a record season in revenues, set to surpass 1 billion euros ($1.1 billion) for the first time in club history.
A month later, the club is bracing for losses caused by coronavirus pandemic.
“We are the club with the greatest revenue in the world, but it’s true that we won’t be able to reach the 1.05 billion euros that we had budgeted for,” Barcelona president Josep Bartomeu said in a series of interviews published by Spanish media on Tuesday. “We were on a record pace in February, well above our expectations.”
Bartomeu’s comments came a day after the club cut players’ salaries by 70%, allowing it to save nearly 16 million