Neymar sale to lift Barcelona revenue close to €1bn, says chief executive Oscar Grau

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Barcelona earned €708m (£635m) last season and expect a steep increase (Source: Getty)

Barcelona expect to set a new record for a sports team by generating revenues of around €900m this season.

The Spanish club had income of €708m (£635m) for 2016-17, they announced on Wednesday, up from €620m (£464m) in the previous financial year.

But Barca chief anticipate that figure will rise dramatically again in their next accounts following the €222m (£200m) sale of Brazil superstar Neymar to Paris Saint-Germain in August.

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“We are presenting figures for this season which are the highest of any club in the world,” said chief executive Oscar Grau. “No other teams, not even in the NBA or the NFL, reach these numbers.”

Manchester United were named the world’s richest football team in January by Deloitte, based on their 2015-16 income, but despite achieving further growth their latest figures appear to put that status in doubt.

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United recorded revenues of £581m last season and expect this year’s earnings to be similar, non-executive vice-chairman Ed Woodward revealed last month.

Barcelona, ranked second behind United by Deloitte, are “on track” to generate €1bn a year by 2021, Grau added.

Neymar’s sale is set to provide a notable boost as the fee was paid in its entirety rather than instalments, as is typical in football transfers.

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