Twitter thread exposes FC Barcelona’s financial state: Might have to lose star players to reduce wage bill
It is of no surprise that FC Barcelona’s financial situation is in a mess. However, things went worse when news emerged that the Blaugranas are banned from registering new signings because of Laliga’s wage cap limit. The Catalans are in a huge distress as they are barred from registering any news signings for the upcoming Laliga season according to Laliga president Javier Tebas.
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It is being reported that the Catalans are in a debt of about €1.2 billion, which makes it difficult for the Blaugranas to shake hands with fresh faces in the squad. Barcelona’s financial situation are reportedly so serious they cannot register the likes of Lionel Messi or new arrivals Sergio Aguero, Memphis Depay, Eric Garcia & Emerson Palmiri ahead of the new season.
According to Goal.com, Barcelona have far exceeded their staff cost limit, which is controlled by La Liga, and are under pressure to reduce their wage bill as a matter of urgency. According to reports in Spain, FC Barcelona must now lower the wage bill by €200 million. In 2019-20 before the Covid-19 pandemic FC Barcelona had the highest wage cap in Laliga at €671 million. Laliga’s new limit for the upcoming season is €382.7 million.
Barca were able to offload Jean-Claire Todibo to Nice on loan for a fee of about €8.5m. Konrad de la Fuente, meanwhile, has signed for Marseille for €3m. Matheus Fernandes is another player who has been cleared from the wage bill after he was released on a free transfer. However, Fernandes has plans to sue Barcelona for his unfair dismissal.
Francisco Trincao has joined Wolves on loan for the season, and the Midlands club have the option to buy. Junior Firpo is set to join Leeds in a deal worth around £15 million, which will save FC Barcelona in the region of £8m per season. That only makes a total of saving of around €90 million. That wouldn’t be enough, as only 25% is allowed to be reinvested in new signings and registrations to comply with La Liga rules.
Javier Tebas’ strict Ultimatum to FC Barcelona
Tebas in June said: “We cannot make a rule for Messi or for Erling Haaland. The rules are what they are.”
“The managers know it perfectly well and it will not change. The efforts made by Barca to reduce its salary bill are on the right track but there will not be a special rule. The rules have to be complied with; we are not going to change them. We are not going to make an ad-hoc rule for Messi.”
Laporta has told El Transistor when asked for an update on Messi’s long-running contract saga: “We want Messi to stay and Leo wants to stay, everything is on track.”
“We have the issue of fair play; we are in the process of finding the best solution for both parties.”
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The Laliga giants are looking to offload Miralem Pjanic, Samuel Umtiti, Phillipe Coutinho who cover a major part of their wage bill. The Blaugranas are hoping that by selling the trio they can shed a further €200m from the wage bill.
Messi’s four-year contract ended on June 30 which was worth over €500 million including signing fees, salary, bonuses, and image rights. The Argentine is a free agent now and is open to start talks with clubs interested in signing the 34-year-old.
According to reports in Spain, Messi will sign a contract extension for two more years at Camp Nou. However, FC Barcelona can’t afford to pay him at the same amount, so they’re looking at methods to reward him over a longer period of time so he doesn’t have to accept a pay cut. Messi is believed to be in contract talks with the clubs like Paris Saint-Germain and Manchester City who have interest in the Argentine for a long time.
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