FC Barcelona’s financial issues have been pretty clear for some time now.
However, the current La Liga leaders were still able to spend pretty big this past summer with a number of major names joining the club.
But failure to stay in the Champions League, as well as being knocked out of the Europa League by Manchester United, tightened an already tight screw at the club, with Barca thought to be relying on European competitions as a source of revenue.
And now, Barcelona have been told they have -£177m in the bank to spend on players:
“As of today, Barcelona doesn’t have any room in its budget to spend in the upcoming transfer window,” LaLiga chief Javier Tebas said on Thursday in London, at the Financial Times’ Business of Football summit.
“Barcelona has been involved in questionable behaviour which has had an impact on LaLiga and we are acting accordingly. We have ruled that they can no longer sign more players.
“In the case of Barcelona, they have to drop from spending on wages and transfers from £532m to £399m (€650m to €450m), so it’s a budget of minus £177m (€200m).
“They have to reduce their investment in players and we have encouraged them to sell players because, for every amount they raise in sales, they can spend 40 per cent of that.”
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