By at least one measure, FC Barcelona is the new king of soccer.
The Spanish side reported today that the team pulled in $1.05 billion (€914 million) in revenues for the 2017-18 fiscal year and posted operating income (earnings before interest, taxes, depreciation and amortization) off of $204 million (€177 million). The team had a net profit of $15 million.
For the 2018-19 season, Barcelona has budgeted revenue of $1.105 billion (€960 million) and operating income of $220 million (€191m).
In contrast, Manchester United, the world’s most valuable soccer team by our count last May, recently recorded record revenue of $794 million and operating income of $238 million in the fiscal year ending June, 2018. But the Red Devils had a net loss of $50 million.
Barcelona is also now much bigger and more profitable than archival Real Madrid, which had revenue of $892 million and operating income of $175 million in 2017-18.
Here are the five biggest sports teams in the world by revenue:
Barcelona: $1.05 bil
Real Madrid: $892 mil
Dallas Cowboys: $864 mil
This article was first published on http://www.wakeuppost.com.