La Liga champions Barcelona said they will become the first sports club to generate revenue exceeding one billion euros this season.
A statement from the club yesterday said they had made record turnover of E990 million euros last season and projected an increase to 1.047 billion euros for the 2019/20 campaign.
"This figure represents a new record in the world of sport, and means the surpassing of internal forecasts, since the Strategic Plan approved by the Board of Directors expected profits to reach the figure of E1bn in 2021," added Barca.
The club, which is owned by its fans, forecast a relatively modest profit of E11million after tax in the current season, and said it had a debt of E217.2m.
The Catalan club invested E255m players in the close season, the bulk of which was spent prising Antoine Griezmann from Atletico Madrid for E120m and recruiting Frenkie de Jong from Ajax Amsterdam for E75m.
Barca CEO Oscar Grau said they also tried to sign Dutch defender Matthijs de Ligt, who joined Juventus, adding that they wanted to sign Neymar back from Paris St Germain but did not want to compromise the club's financial stability.
"We made a very big effort to get Neymar (inset), we did everything possible. We made two offers, one including players and one without them but we got the feeling PSG never wanted to sell him," he told reporters. We are not going to lose control when it comes to players. We want the best team around but we also want to be sustainable."