Barcelona will have to raise £178million from selling current players if they are to have any chance of entering the transfer market this summer, the club has been informed.
The Catalan giants‘ financial issues are well-documented, and they now face a race to procure the necessary funds in time to have any impact on the upcoming summer window.
This latest update comes less than a month after Barca president Joan Laporta claimed the club was in a strong position, vowed to cut £150m from the wage bill, and stated that no player sales would be necessary.
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The club previously spent big in the summer of 2022 on the likes of Robert Lewandowski, Raphinha and Jules Kounde, despite seemingly being hamstrung by monetary issues.
However, they triggered several economic levers, including their TV rights, in order to be able to afford the costly outlay, but still are thought to be in debt to the tune of around £1billion.
‘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.
SOURCE: DAILY MAIL
