Barcelona break billion dollar revenue barrier

FILE PHOTO: A silhouette of a woman walks past behind a FC Barcelona's logo at Camp Nou stadium in Barcelona, Spain, March 24, 2016. REUTERS/Albert Gea

BARCELONA (Reuters) - FC Barcelona announced on Tuesday it has become the first sports club to post annual revenues exceeding $1 billion (770.5 million pounds).

La Liga champions Barcelona presented their annual accounts on Tuesday, showing earnings of $1.05 billion for the 2017/18 fiscal year, breaking its own income record for the fifth successive year and posting a profit for the eighth consecutive year.