La Liga raises Barcelona’s spending limit after asset sale

The Spanish league has raised Barcelona’s spending ceiling significantly for this season after the Catalan club sold some of its assets to balance its financial position this summer.

Barcelona have been allowed to spend €656m to buy players and appoint administrators this season, including wages, according to spending limits announced by the Spanish Football League on Friday.

This is a huge jump after the club’s spending cap had already gone negative last winter.

To recover from their deplorable financial situation, Juan Laporta’s Barça were forced this summer to sell 25 per cent of the Spanish league’s television rights for the next 25 years and other assets for around 870 million euros.

The Catalan club has spent around 160 million euros to ensure the immediate signing of Robert Lewandowski, Rafinha and Jules Conde.

Another third of that amount went to pay off the club’s huge debts of around one billion euros, which it had built up due to high salaries, huge transfer fees paid by Laporta’s predecessor and the impact of the Corona virus pandemic on revenues.

Barcelona are back in second place in terms of spending limits in La Liga.

Real Madrid top the list with 683 million euros, Atlético Madrid are third with 341 million euros and Girona and Elche are at the bottom of the rankings with almost 42 million euros.

Source: AB

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