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BARCELONA, Spain — Barcelona says it is on track to reducing its debt without having to resort to new financial levers. It has announced a higher-than-expected net profit of $320.5 million for the 2022-23 season. Barcelona says the club's operating income was $1.33 billion, with expenses at $1.22 billion. That enabled the reduction of the net debt for a second consecutive season. The debt dropped from $717 million in June 2021 to $582 million in June this year. Barcelona recently resorted to a series of financial operations to help reduce its debt, including the advance sale of television rights for the Spanish league.
