Finances and ownership

In 2010, Forbes evaluated Barcelona's worth to be around €752 million (USD $1,000 million), ranking them fourth after Manchester United, Real Madrid, and Arsenal, based on figures from the 2008–09 season. According to Deloitte, Barcelona had a recorded revenue of €366 million in the same period, ranking second to Real Madrid, who generated €401 million in revenue.
Along with Real Madrid, Athletic Bilbao, and Osasuna, Barcelona is organised as a registered association. Unlike a limited company, it is not possible to purchase shares in the club, but only membership. The members of Barcelona, called socis, form an assembly of delegates which is the highest governing body of the club. As of 2010 the club has 170,000 socis.
An audit by Deloitte in July 2010 showed that Barcelona had a net debt of €442 million, currently 58% of net worth as evaluated by Forbes. The new management of Barcelona, which had ordered the audit, cited "structural problems" as the cause of the debt. News had emerged that the club had recorded a loss of €79 million over the course of the year, despite having defended their La Liga title