Barcelona have announced profits of €98 million for the 2021-22 campaign and the club is predicting they will make another €271m in the 2022-23 season. Thus is the first time since the pandemic Barcelona are reporting profits at the end of a football year.

According to a report recently released by Barcelona, Barcelona made a revenue last year which totalled €1.017 billion.

Barcelona are expecting the club’s income to rise to €1.255bn this season, which is largely down to the sale of club assets during the summer.

Last season’s accounts were also boosted by the sale of 10% of the club’s domestic television rights to global investment firm Sixth Street at the end of June.

That deal was worth over €200m and was completed just before June 30, which is the deadline for the financial year.

At the start of this football year, Barcelona sold another 15% of their LaLiga TV rights to Sixth Street in July for over €300m and then two 24.5% stakes in Barca Studios for around €200m in operations.

Barcelona have made a huge turnaround from last year’s losses that saw the club unable to register Lionel Messi.

However, the sale of club assets and predicted profits have enabled that limit to grow to over €650m, as confirmed by LaLiga earlier this month.

Barcelona’s good books permitted the club to spend over €150m in the summer on Robert Lewandowski, Raphinha and Jules Kounde, while Franck Kessie, Andreas Christensen, Marcos Alonso and Hector Bellerin all arrived as free agents, too.

Meanwhile, the LaLiga have warned that Barcelona still need to cut their spending as the limit could drop again next season.

“Barcelona’s limit is [up to] €656m and they needed this full amount, that’s why they were still registering players at the last minute,” LaLiga president Javier Tebas said at the presentation of the spending limits this month.

“Without the [sale of assets], it may not be so high next season. They may have to reduce their wage bill, sell players or even [sell more] assets. I think [Barca’s vice president Eduard] Romeu has said they need it to be at around €400 and something million. But they know all about this, it will be difficult for them to maintain [the new limit] next season.”