Barcelona forecasting revenue over $1 billion this year

Barcelona says it expects to generate more than $1 billion for the first time this season. (Manu Fernandez/AP)

BARCELONA, Spain — Barcelona says it expects to generate more than $1 billion for the first time this season and become club soccer’s biggest moneymaker.

The Catalan club released the forecast on Wednesday as part of the financial results for the 2016-17 financial year.

Revenue rose 4 per cent to a record $839 million last year, while making a pre-tax profit of $36.7 million. The club’s debt fell by $29 million to $292.6 million.

When submitting content, please abide by our submission guidelines, and avoid posting profanity, personal attacks or harassment. Should you violate our submissions guidelines, we reserve the right to remove your comments and block your account. Sportsnet reserves the right to close a story’s comment section at any time.