Barcelona approve historic €897m budget

Barcelona approved their largest ever budget of €897 million for 2017-18, following a record revenue in 2016-17.

The Liga giants' earnings of €708m for 2016-17 were presented at the club's General Assembly on Saturday, with club members then approving next year's record budget with 391 votes for and 49 against.

It is the first time Barca have surpassed the €700m barrier in terms of revenue for a fiscal year, and the club have now accumulated a profit of €175m since 2010.

Barca plan to have earned €1billion in revenues by 2021, though that strategy could be threatened by the political unrest in Spain following the Catalan independence referendum.

Regardless of how the political situation is resolved, however, Barca have no plans to leave La Liga, with club president Josep Maria Bartomeu insisting a place in Spain's top-flight is key to continuing their financial development.

UCJ, UNILORIN.