Live Barcelona Blog: Barcelona become first sports team to rake in $1 billion in revenue

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Hello Barca fans, the Sport360 team is here to bring you the latest on all things Barcelona on Wednesday.

Blaugrana will be in action this evening for a Champions League clash against Tottenham at Wembley as they look to put the disappointment of three straight winless La Liga matches in the rear-view mirror.

As ever, get in touch with us throughout the day on Twitter and Facebook.

3:15pm – Barca make history, beat rivals

Barcelona have set a new benchmark as the Catalan club announced they surpassed the billion dollar mark for revenue, making them the first sports team to do so.

It also means the Spanish giants have beat their rivals, Real Madrid, to the title.

Read more on Barcelona’s accomplishment here.

Barcelona (4)

2:05pm – Rakitic fires Wembley warning

As Barcelona return to Wembley tonight to meet Tottenham, Ivan Rakitic has called on his team-mates to replicate the triumph they had at the same venue in 2011, when the beat Manchester United in the Champions League final.

Watch what Rakitic had to say here.

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11:40am – Valverde talks up Kane

Ernesto Valverde recognises the danger Harry Kane presents for Barcelona heading into the Champions League tie against Tottenham.

The Barcelona boss spoke highly of the English star, saying: “We expect his best tomorrow and we must try to stop him.”

See what else Valverde had to say here.

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Barcelona beat Real Madrid to become first sports team to surpass $1 billion in revenue

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Things are looking rosy for Barcelona off the pitch.

It has been a tricky start to the season for La Blaugrana on it but news of record revenue returns for the 2017-18 fiscal year has underlined the Catalan giants’ growing financial muscle in world sport.

The Camp Nou club confirmed it raked in $1.05 billion (€914 million) in revenues during the period, making them the first professional sports team to surpass the billion dollar mark.

In this same period, Barcelona’s operating income (before taxes and other costs) stood at $204 million, making a cool after-tax profit of $15 million.

Even eternal rivals Real Madrid are left in Barca’s wake, given Real’s top revenue turnover so far is $892 million.

And for the upcoming year ahead, president Josep Maria Bartomeu and his wider team have not reigned in their off-the-field targets, with club hierarchy budgeting a revenue return of $1.105 billion (€960 million) for the 2018-19 campaign, as well as an operating income of $220 million (€191m).

Remarkably, according to Barca’s long-term strategic plan – which includes a complete world-class renovation of the Camp Nou to be ready for the 2022-23 season – they expect to reach a €1bn revenue sum by 2021.

In the small print, towards the end of Barca’s media release, it stated the world-record fee received for Neymar last summer (€222 million) and additional rights, would be incorporated into the budget for this season.

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Watch: Barcelona midfielder Ivan Rakitic delivers Wembley warning

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Barcelona midfielder Ivan Rakitic

Barcelona return to the scene of glorious triumph as they travel to Tottenham’s temporary home Wembley on Wednesday night in their Champions League Group B blockbuster.

The clash brings back happy memories for the Catalans who have spoken in reverence of returning to the national stadium for the first time since their 2011 domination of Manchester United in the Champions League final.

That 3-1 battering of Sir Alex Ferguson’s side is used as a yardstick for the subsequent failures in Europe with Lionel Messi and Co. desperate to rectify their Champions League drought this season.

And ahead of the clash midfielder Ivan Rakitic said he hoped to continue the side’s positive history at Wembley.

Check out the video below to see what the Croatian had to say…

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