FC Barcelona: €32m of profit and a €3m decrease of debt in 2012/13

FC Barcelona (Spanish champions in 2012/13) have announced an after-tax profit of €32m and a €3m reduction of their debt, during the presentation of their finances in 2012/13 on the 23/07/2013.

The club's net profit exceeded their 2012/13 budget's estimate (€29m) by €3m (10.3%), but it is €17m less (-34.7%) than the net profit earned in 2011/12 (€49m). Barca recorded a turnover of €491m, or €4m (0.8%) less than in 2011/12. Their operating income reached €48m, down 11.1% compared to the previous year (€54m).

The club's board is "moderately satisfied" with these figures, according to Javier Faus, Barca's vice-president in charge of financial affairs. "We turned over €4m less than last season, but there were fewer transfers this year than in 2011/12," Faus added. "It's to our credit that we stabilised our expenses."

Faus explained that the club's main expenditure in 2012/13 relates to bonuses paid to the winners of the Spanish league (€16m - €20m), tax arrears for the 2005-2008 period (€12m) and the depreciation of David Villa's contract (€8m)."

"For the first time in the club's…