Barcelona’s spending cap raised by €800m after sale of club assets

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  • La Liga brings limit to €656m for the 2022-23 season
  • Tebas warns club need to reduce outgoings further

La Liga has raised Barcelona’s spending limit by €800m (£700m), bringing it out of a spending deficit after the Catalan side sold off chunks of assets to patch up its finances, the Spanish league said.

Barcelona were given a cap of €96m last year, which was slashed by January to minus €144m – meaning the team had to find savings elsewhere to sign new players – after they ran up debts and future liabilities of €1.35bn, with €673m owed to banks. As a result of their financial turnaround, the league said on Friday it has given Barcelona a cap of €656m for the 2022-23 season.

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from Football | The Guardian https://www.theguardian.com/football/2022/sep/10/barcelonas-spending-cap-raised-by-800m-euros-after-sale-of-club-assets

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