Barcelona lost more than €77m (£64m) last season, the club's vice-president for economic affairs Javier Faus has revealed.

The previous board, led by the former Barça president Joan Laporta, had announced the club were €11m (£9m)in the black at the end of their mandate in late June, but a new audit carried out by Deloitte for Sandro Rosell's regime has revealed a far less healthy scenario for the Catalan club.

The new audit shows that Barcelona had an income of €408.9m for the 2009-10 season, but costs amounting to €477.9m. Further spending of around €8m means the overall deficit is calculated at €77.1m.

"The figures presented by the former board don't reflect the real image. They have cheated," Faus said. "There is a structural problem. The sporting excellence in the last few years has not been reflected in economic excellence. The new board's goal is to bring economic excellence alongside sporting excellence."

Barça recently took out a loan of €155m after falling behind with the payment of player wages at the end of June. The central defender Dmytro Chygrynskiy was also hastily sold to Shakhtar Donetsk to raise much-needed funds for the club.

Nevertheless, Barcelona have already signed David Villa this summer for €40m and are willing to spend as much or even more to bring Cesc Fábregas to the Camp Nou in time for next season, although progress on that deal has stalled.