Barcelona, Sept 28 (AFP) Spanish champions Barcelona claimed that they were on course to set a new record turnover of 960 million euros for the 2018/19 season with a net profit of 11 million euros. Also Read - Football Will Be Unifying Factor Soon: Sandesh Jhingan

According to the budget estimate approved by the club’s board of directors, in the 2017/18 season, Barcelona had a turnover of 914 million euros, exceeding its forecast of 897 million euros, for a profit of 32 million. Also Read - Trending News Today April 09, 2020: Kate Middleton-Prince William's Sweet Video Interaction With School Kids Ahead of Easter is Cutest Thing on Internet Today

For the current season, expenses are expected to increase to 929 million euros, but will be offset by the increase in revenues, said a statement by the club, which added the target of a one billion euro turnover by 2021 is still within reach. Also Read - Do Household Chores, Play Board Games Together: Defender Adil Khan Spending Quality Time With Wife Amid Lockdown

“The club is very serious (in its management). We have more planned spending, but also more expected income. What we do will never endanger the viability of the club,” said club spokesman Josep Vives on Thursday.

Meanwhile, Barcelona also announced plans to redesign its club crest which will see the acronym “FCB” dropped to further highlight the ball and the Catalan regional flag, and “adapt to a new era.” The initiative responds to “one of the main objectives of the FC Barcelona Strategic Plan, which is the enhancement of its brand internationally,” the club said in a statement.

“This evolution is the result of a year and a half of reflection, and we wish to highlight the colours, which are the symbol of our identity, as well as the Catalan regional flag, while giving greater importance to the ball, the central and emblematic element of Barca’s style of play,” added Vives. (AFP) ATK ATK

This is published unedited from the PTI feed.