Barcelona, on Monday, announced a record income of €708 million ($812.8m) for 2016-’17 with an after-tax profit of €18 million. The Spanish giants said the healthy revenue was up 13 million on the forecast figure in their budget for the period.

A statement following the approval of the accounts at a board meeting disclosed the club has reduced its debt by €24.5 million to €247 million. The salaries of Lionel Messi, Luis Suarez, Neymar and the rest account for 66% of Barcelona’s expenditure, the statement added.

Barça say that the financial results fit into the club’s strategic plan for revenue to top €1 billion by 2021.