| 7.1°C Dublin

Barcelona post best ever profit

Barcelona's failure to win La Liga helped them post a record ¤48.8million profit for the 2011-12 season.

After two consecutive years of financial losses, and three consecutive league titles, Barca were beaten to the top spot in Spain by Real Madrid in May, but avoided having to pay out ¤12m in win bonuses.

"If we had won La Liga the overall surplus would have been ¤36m and it would still have been the best end-of-year figure in the history of the club," vice-president for economic affairs Javier Faus said.

The Catalans increased their income by ¤21.5m to ¤494.9m, while slashing expenditure which fell to ¤441.1m, ¤31.5m less than the previous year.

Faus said the profit, achieved without selling assets, would be used to continue reducing the club's total debt, which has been cut to ¤335m from ¤420m two years ago.