LaLiga president Javier Tebas has once again spoken about FC Barcelona’s financial situation and, although he believes it will improve soon, he reminded that they will only be able to sign if sufficient revenue is generated....CONTINUE READING THE FULL ARTICLE>>>
It is no secret that FC Barcelona are in a delicate financial situation and have few options in the summer transfer market unless they generate extraordinary income and make sales of the first team squad, as well as salary reductions. As they exceed their salary limit, they are still governed by article 100 of the LaLiga Budgeting Rules.
This has been clarified once again by the president of the employers’ association, Javier Tebas, who told ‘MARCA’ that Barça will only be able to “sign players under the 1/3 rule. If they sell players for €100m, they can use €33m for signing.
If they sell assets as I am seeing, they will reduce those losses and if they compensate them, they will go to the normal 1-1”, adding that the Blaugrana “have designed a strategy and that is what they are applying. Let’s hope for the good of football and La Liga that they achieve their objectives.
The Costa Rican stressed that LaLiga are not happy with the situation the Blaugrana are going through, but the rules are there to ‘save’ clubs from going further into debt and avoid greater consequences. Tebas stressed that “we don’t like this situation but the responsibility of football is increasing. There are no more guarantees in football. And if a club gets into trouble, it is said that the League has not done its control function.
So, if Barça’s finances continue to be as tight as they have been so far, they will have to stick to the ‘1 to 3’ rule, which can be used for players who represent 5% of the total cost of the squad. As Tebas explained, if the club manages to generate revenue of 100 million euros, it will be able to use 33 million euros to sign a new player, taking into account the cost to the wage bill.
The president of LaLiga has also referred to the fact that he sees Joan Laporta’s board of directors as capable of reversing the current economic crisis: “If they work along the same lines, Barcelona is a great club that will come out ahead. There is no doubt in my mind.
Barcelona, in economic terms, is a money-making machine”, adding later that “the cause of these losses must be thought of as partly a consequence of COVID, partly operational losses and partly because they have anticipated provisions for the amortisation of players that they shouldn’t have made. And they also anticipated lawsuits that they shouldn’t have”.
