Earnings from marketing are perhaps even more important, and that includes TV rights, selling stadium names, advertising on player equipment etc.
Just to get an idea, here's the news on how much Barcelona will earn from a new sponsorship deal with music streaming giant Spotify:
https://www.forbes.com/sites/tomsanderson/2022/03/15/fc-barcelona-announce-spotify-sponorship-deal/?sh=561cdd513312Barcelona has financial problems but we all know that.
Much more important, however, is the club's reputation and the interest of sponsors, which is still very high.
Xavi has stabilized the team, finances are improving, the club still has very talented players and there is no need to worry about the future of the club.
Barcelona played a very bad match with Frankfurt in a strange atmosphere where at their own stadium their fans were in the minority, which affected the players.
Next season it will be a completely different story, and Barcelona will once again fight for all the trophies, including the Champions League trophy.
Why are you trying to downplay the loss in the CL and UL? A successful club logically generates more profits in all sections, including marketing, than an unsuccessful club. Therefore, not only are the profits lost through the UL, but in general the income will be reduced.
Of course, deals like Spotify are great, but that doesn't change the points witch I already explained.
I don’t think I’m downplaying Barcelona’s financial problems.
I clearly wrote that Barcelona has serious financial problems, but I also explained why I think these problems will be solved soon.
Barcelona have lost a lot with the departure of Messi and relegation from the Champions League this season, but these are only short-term problems.
Every serious club or organization has a long-term strategy of development and financing, and Barcelona is no exception.
I expect Barcelona to stabilize financially in the next 5 years, and Xavi have already revived them on the field in the second half of this season.
The Champions League is important in terms of marketing and finances, but Barcelona will make up for it through business agreements with Spotify and with other marketing projects.
On the other hand, even relegation from the European League will not hurt Barcelona too much, because this competition is already less financially viable for BAcelona from the Champions League.