Barcelona president Joan Laporta is delighted after members approved the club's new budget.

The general assembly saw the club's members approve the club accounts for fiscal year 2019/20, followed by the approval of the 2020/21 budget, but despite the club facing enormous losses, Laporta has stated that Barcelona are headed in the right direction.

"The 2019/20 season was not good, that is clear," he said.

"For many reasons it went on until the end of the summer.

"But I want to say that, here today, that period comes to an end, one of a lot of darkness and many things that should never have taken place and have tarnished the badge.

"And we will clarify who is responsible.

"But today it finishes. It ends with the approval of the club accounts for the 2019/20 fiscal year and the 2020/21 budget.

"Now the technical requirements that allow us to move forward are achieved.

"We are responsible from March [2021] onwards."

Laporta went on to outline the fact that he will lead the club back to the summit of world football once more during his second spell as club president.

"Today begins a stage that will be magnificent in the history of Barcelona," he said.

"Everyone here loves Barcelona and we want the happiness of the club to come back and the return of better times.

"We have to look to the future and the present with as much optimism and strength as possible. We will reverse the situation. Most people are sure of what we are doing.

"We will recover economically and we will reclaim our place on a sporting level. We have more and more information and we know the lines that we have to follow.

"We take decisions, the decisions that we believe are the best for the club. We respect the media circus, we know what goes on.

"But you can be sure that we will not make false promises and that we will not take decisions based on the press.

"Our plan involves working very hard."

He went on to state that his objective will be achieved, although it will not happen overnight.

"The situation is complicated, but we can work together to get back on the path towards success," he said.

"We want the club to be admired, renowned, loved and respected, and to keep making history.

"We want it to carry the weight that it deserves as an institution in the world of sport.

"And that's what we are doing. It doesn't happen overnight, but there is leadership in the club once more, that is evident.

"The leadership is focused on commitment."