Sports
COVID-19: Barcelona Record €97m Loss for 19/20 Season
By Adedapo Adesanya
Spanish sporting club, Barcelona, posted a loss of €97 million after-tax for the 2019/20 financial year as a result of the COVID-19 pandemic.
In a statement on Monday, the Catalan giants said they had made revenue of €855 million, 14 per cent down compared to €990 million they posted in 2018/19 year, while their overall net debt has more than doubled to €488 million.
The club said €47 million of losses was due to lost matchday revenue, €35 million to reduced club shop sales and €18 million on stadium tours, with further losses expected until fans can return to stadiums in Spain.
The statement noted that the club was expecting a lower revenue for the 2020/21 financial year, projecting revenue of €791 million.
The players took a wage cut in order to help combat the deficit while football was suspended due to the coronavirus and managed to save €74 million in salaries thanks to a reduction agreement with players and coaching staff.
The club has also sold players who were on lucrative contracts, such as Luis Suarez, Ivan Rakitic and Arturo Vidal, in the close season in a bid to get salary expenditure within La Liga guidelines, which directly relate to projected income.
The statement noted, “The club suffered financially from the consequences of games being played behind closed doors, as well as the total cancellation of the basketball Euro League, and hence there was a considerable loss of income.
“The lack of tourists and visitors to the city of Barcelona due to the reductions and limitations applied to international tourism also meant far fewer visitors to Barca’s premises, meaning major losses in terms of such areas as visitors to the Camp Nou Experience and the sale of products in official stores.”
Barcelona, coming off its first season without a title since 2007-08, was not able to add a striker to boost its squad. The Catalan club was negotiating with Memphis Depay of Lyon but couldn’t seal the deal. The transfer reportedly depended on Ousmane Dembélé accepting a move to Manchester United, but the Frenchman stayed in Spain as the transfer deadline closed.
Barcelona had promised changes to the first team after the humiliating 8-2 loss to Bayern Munich in the quarterfinals of the Champions League in August.
After three games so far, the club is fifth on the La Liga Santander table for the season (two wins, one draw) and it is expected to begin its European champions league tournament journey against Ferencravos TC of Hungary on October 20 before the anticipated clash against Juventus which will see its captain Lionel Messi face long time rival, Cristiano Ronaldo.
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By Dipo Olowookere
Manchester United centre-back, Harry Maguire, has signed a new contract with the football club for an additional year.
He will remain at the Theatre of Dreams until June 2027, with the option for a further year, a statement from the Red Devil said.
“Representing Manchester United is the ultimate honour. It is a responsibility that makes me and my family proud every single day.
“I am delighted to extend my journey at this incredible club to at least eight seasons and continue to play in front of our special supporters to create more amazing moments together.
“You can feel the ambition and potential of this exciting squad. The determination throughout the whole club to fight for major trophies is clear for everyone to see, and I am confident that our best moments together remain ahead of us,” the club’s former captain stated.
“Harry represents the mentality and resilience required to perform for Manchester United. He is the ultimate professional who brings invaluable experience and leadership to our young, ambitious squad.
“Harry, like everyone at the club, is completely determined to help Manchester United to achieve regular and sustained success,” the Director of Football at Manchester United, Mr Jason Wilcox, was quoted as saying in the statement.
The Three Lions defender has made 266 appearances and won the Carabao Cup and Emirates FA Cup since joining the club in 2019.
European club football enters its decisive quarter-final phase in the UEFA Champions League, Europa League, and Conference League. With semi-final places on the line, the first-leg fixtures promise high-intensity clashes. All matches will be broadcast live on SuperSport, available on DStv and GOtv.
Champions League: Heavyweights Collide
At 8:00 PM, Real Madrid host Bayern Munich in the standout tie of the round. Both sides were emphatic in the previous stage, with Madrid dismantling Manchester City and Bayern delivering a dominant performance against Atalanta. The match airs live on SS Premier League (GOtv Ch. 65, DStv Ch. 203).
Madrid arrive off a disappointing domestic setback, while Bayern continue to show resilience and attacking firepower. The Bernabéu will be central to Madrid’s hopes against a side currently scoring with ease.
Also at 8:00 PM, Sporting Lisbon face Arsenal in Lisbon, live on SS Football Plus HD (DStv Ch. 202). Arsenal come into the tie under pressure following consecutive cup losses in the Carabao and FA Cups, while Sporting are full of confidence after an impressive run of form. With momentum firmly on the Portuguese side, this fixture presents a significant test of Arsenal’s mentality.
At 8:00 PM on Wednesday, Barcelona welcome Atletico Madrid in what promises to be a tightly contested tactical encounter. The game will be shown live on SS Premier League (GOtv Ch. 65, DStv Ch. 203). Barcelona claimed a recent league victory between the sides, but Atletico have already proven their ability to disrupt them this season. Expect a high-stakes contest between two teams who know each other well.
Also at 8:00 PM, Paris Saint-Germain take on Liverpool in Paris, live on SS Football Plus HD (DStv Ch. 202). PSG have emerged as one of the competition’s most dominant sides, carrying strong momentum into the tie. Liverpool, meanwhile, arrive under pressure following a heavy domestic defeat and will need a significant improvement to remain competitive heading into the second leg.
Europa & Conference League: Thursday Night Stakes
While the Champions League dominates midweek headlines, Thursday brings its own high-stakes quarter-final action across the UEFA Europa League and UEFA Conference League.
In the Europa League, Bologna host Aston Villa in a compelling first-leg encounter, live on SS La Liga (GOtv Ch. 62, DStv Ch. 204) at 8:00 PM, . Aston Villa have impressed throughout the competition and arrive well-rested, while Bologna’s path to this stage has been defined by resilience and high-intensity performances. The contrast in preparation could shape the outcome.
Also at 8:00 PM, FC Porto face Nottingham Forest, with the match airing on SS Premier League (GOtv Ch. 65, DStv Ch. 203). Porto will look to assert themselves at home after previous meetings between the sides, while Forest have already demonstrated their ability to navigate difficult knockout ties.
For the Conference League, Crystal Palace take on Fiorentina at Selhurst Park, live on SS Football (GOtv Ch. 61, DStv Ch. 205) at 8:00 PM. Palace continue their pursuit of European silverware against a Fiorentina side balancing continental ambition with inconsistent domestic form. The hosts will aim to build a first-leg advantage before the return fixture in Italy.
Quarter-Final Fixtures – First Legs
UEFA Champions League
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Real Madrid vs Bayern Munich – Tue, 8:00 PM (SS Premier League)
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Sporting Lisbon vs Arsenal – Tue, 8:00 PM (SS Football Plus HD)
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Barcelona vs Atletico Madrid – Wed, 8:00 PM (SS Premier League)
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Paris Saint-Germain vs Liverpool – Wed, 8:00 PM (SS Football Plus HD)
UEFA Europa League
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Bologna vs Aston Villa – Thu, 8:00 PM (SS La Liga)
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FC Porto vs Nottingham Forest – Thu, 8:00 PM (SS Premier League)
UEFA Conference League
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Crystal Palace vs Fiorentina – Thu, 8:00 PM (SS Football)
Follow the Action
Catch all the UEFA Champions League, Europa League, and Conference League action live on SuperSport on DStv and GOtv. Matches are also available to stream via DStv Stream and GOtv Stream. Manage or upgrade your subscription via the MyDStv or MyGOtv apps, visit www.dstv.com or www.gotvafrica.com, or dial *288# to stay connected.
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