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Barcelona Says Pandemic Impact Cost The Club $238 Million

Barcelona's Lionel Messi walks during the Spanish La Liga soccer match between FC Barcelona and Sevilla FC at the Camp Nou stadium in Barcelona, Spain, Sunday, Oct. 4, 2020. (AP Photo/Joan Monfort)

Barcelona's Lionel Messi walks during the Spanish La Liga soccer match between FC Barcelona and Sevilla FC at the Camp Nou stadium in Barcelona, Spain, Sunday, Oct. 4, 2020. (AP Photo/Joan Monfort)

The impact of the coronavirus pandemic has cost Barcelona more than 200 million euros ($234 million) in revenue, the club said Monday.

BARCELONA, Spain: The impact of the coronavirus pandemic has cost Barcelona more than 200 million euros ($234 million) in revenue, the club said Monday.

Barcelona reported losses of 97 million euros ($113 million) for the 2019-20 season, blaming the deficit on the effects of COVID-19.

The Catalan club said its revenues reached 855 million euros ($1 billion), but they would have been 203 million euros ($238 million) higher in a scenario without COVID-19,” which would have allowed the club to reach the planned milestone of 1 billion euros ($1.2 billion) in revenue.

Without the pandemic, the club said it would have closed the year with a profit of 2 million euros ($2.3 million).

Barcelona said efforts to control and reduce spending to cover for the lost revenue saved the club 74 million euros ($86.7 million).

The club also announced a new financing model for the renovation of the Camp Nou, with a formula that protects all current financial assets and land owned by Barcelona.

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