Barcelona end season with profit despite lack of trophies

Barcelona finished last season with a profit for the fifth consecutive year, despite failing to win any silverware, the club announced Friday.

Net profits were 10.1 million euros (15.8 million dollars), vice president for finance Ferran Soriano told a press conference.

The club's debt was reduced to 28 million euros, he said.

The last title won by Barcelona is the Spanish Supercup in 2006, a trophy for the winner of a match between the champions of the previous season and the winner of Spanish Cup.

The club, which will enter the preliminary round of the European Champions Cup for 2008-09, has just spent 29 million euros to buy Brazilian defender Daniel Alves from Seville.