THE ASSOCIATED PRESS
BARCELONA, Spain — Barcelona has announced that it lost 9.3 million euros ($13.5 million) during a 2010-2011 season that saw it lift both the European and Spanish championships.
Even so, the Catalan giants said on Tuesday that the losses were less than the forecast 21.4 million euros ($31 million).
The club said it had reduced its total debt from 430.6 million euros ($624 million) to 363.7 million euros ($527 million) over the course of last season.
While the club’s expenditures grew by 10.4 per cent, the club said "for the first time in recent years" its income growth of 14 per cent outpaced its increase in spending.
It also highlighted that the transfers of Zlatan Ibrahimovic, Dmytro Chygrynskiy and Martin Caceres incurred a loss of 44.2 million euros ($64 million).