They may not have won any silverware during the 2013-14 season, but off the pitch Barcelona did very well indeed.
In a statement released on Tuesday by the Catalan club, they revealed a record income of $711 million over the past year plus managed to make a total profit of $55 million.
Not a lot of soccer clubs make profits these days, so that’s good going from Barca.
Javier Faus, Barcelona’s vice president of finance, presented the club’s financial report for 2013-14 and said it made money on it operations while reducing net debt.
We are not taking about a debt free club here (do those exist among European powerhouses anymore?) oh no… Although Barcelona reduced its net debt by $60 million, as of June 30 it still stood at $385 million. Faus took over the finances at Barca in 2010 and performed some self-celebratory trumpet blowing. Rightly so.
Since he took charge Barca have reduced their debt by $191 million and they have risen from 24th to second in Forbes ranking of the world’s most valuable clubs.
With Luis Suarez on board for the upcoming season, shirt sales are sure to go through the roof when he lines up alongside Lionel Messi and Neymar.
Like many of Europe’s top teams, Barca still have a long way to go until they balance the books but they are heading in the right direction.
It was another memorable European night for Liverpool in front of the Kop at Anfield.
Lifted by three goals in the opening 21 minutes, the Reds cruised to a 4-2 win over Hoffenheim 1899 in the second leg of the UEFA Champions League playoff stage Wednesday evening. With the win, Liverpool returns to the Champions League group stage for the first time since the 2014-2015 season.
[ MORE: Champions League scores ]
Sadio Mane set up Emre Can twice and both Mohamed Salah and Roberto Firmino chipped in with goals of their own to lead Liverpool to victory. After Can’s double and Salah’s goal gave Liverpool a three-goal lead, Hoffenheim’s Julian Nagelsmann brought Mark Uth off the bench onto the field and he promptly scored in the 28th minute to draw within two.
Firmino again put Liverpool ahead by three goals with a goal into an open net in the 63rd minute. Hoffenheim recorded a consolation goal in the 79th minute through Sandro Wagner but Liverpool was resolute and held on for victory.
Liverpool, and the rest of the winning clubs, will learn their fates for the group stage on Thursday.
Here’s a look at the rest of the Champions League playoff scores:
Slavia Prague 0-0 APOEL (APOEL advances 2-0 on aggregate)
FC Copenhagen 2-1 Qarabag FK (Qarabag advances on away goals, 2-2 on aggregate)
FCSB (Steaua București) 1-5 Sporting CP (Sporting CP advances 5-1 on aggregate)
CSKA Moscow 2-0 BSC Young Boys (CSKA advances on aggregate, 3-0)
In Part 2 of Everton Unseen, European football returns to Goodison Park as Everton host MFK Ruzomberok in the qualifying round of the Europa League.
Click play on the video below to get a feel for how Goodison Park will be in the second leg of the Europa League in Part 2 of this videos series.
[ MORE: Live Europa League scores ]
[ WATCH: Part 1 of Everton Unseen ]
ZURICH (AP) FIFA says it is sending in an emergency management team to run the troubled Cameroon football federation.
The panel to be appointed by FIFA and the Confederation of African Football (CAF) will oversee elections by next March to replace disputed polls in 2015 for the Cameroon federation board.
FIFA’s intervention comes amid speculation Cameroon could be stripped of hosting the next African Cup of Nations in June-July 2019.
CAF President Ahmad this month cast doubt on Cameroon’s ability to prepare for the expanded 24-team tournament.
FIFA says Wednesday it acted after “recent failed attempts … to reconcile the football stakeholders in Cameroon and overcome the current impasse.”
Tottenham reportedly broke the bank for its first transfer of the summer.
The North London club confirmed that it had completed a transfer with Ajax for defender Davinson Sanchez after the Colombian international passed a medical. According to The Telegraph, the deal is worth around $54 million, a club record. The deal is subject to acquisition of Sanchez’s work permit but given the transfer fee and him being in Colombia’s squad, it’s likely a mere formality at this point.
[ MORE: Watch full PL match replays ]
The 21-year-old defender brings speed and strength to Tottenham’s backline as well as a year of seasoning in the Eredivisie, which features plenty of attacking talent. Sanchez will battle with Eric Dier, Toby Alderweireld and Jan Vertonghen for a place in Spurs’ three-man backline.
It’s a risk moving to a new club a year ahead of the World Cup, but Sanchez is hoping that with appearances in the UEFA Champions League and Premier League up for grabs, he can do well enough to keep his place in the Colombia National Team squad.
Here’s some more transfer news from across England: