Barcelona’s salary cap slashed amid financial struggles

The
league
said
Barcelona’s
spending
limit
on
salaries
for
the
2021-22
season
has
been
set
at
97
million
euros
($113
million),
about
285
million
euros
($334
million)
less
than
a
year
ago.

The
reduction
was
part
of
the
reason
the
Catalan
club
failed
to
give
Lionel
Messi
a
new
contract
and
led
to
him
joining
Paris
Saint-Germain.
Messi
reportedly
earned
nearly
140
million
euros
($163
million)
per
season,
although
he
said
he
had
agreed
to
cut
his
salary
in
half
so
he
could
stay
with
the
club.

Each
club
has
a
different
salary
cap
calculated
based
on
a
series
of
factors
that
include
revenues,
costs
and
debts.
It
is
proportional
to
roughly
70%
of
a
club’s
revenues.

The
adjustments
are
part
of
the
Spanish
league’s
longstanding
financial
control
measures
to
reduce
clubs’ debts
and
keep
them
financially
healthy.
Barcelona’s
struggles
had
already
forced
the
league
to
slash
the
club’s
cap
from
a
league-high
670
million
euros
(now
$785
million)
in
2019-20
to
385
million
euros
($450
million)
last
season.

In
addition
to
losing
Messi,
Barcelona
also
sent
Antoine
Griezmann
on
loan
to
Atlético
Madrid,
and
its
only
signings
this
offseason
were
free
agents.
Six
other
clubs
now
have
bigger
spending
limits
than
Barcelona’s.

Madrid’s
cap
is
the
highest,
going
from
470
million
euros
($550
million)
to
739
million
euros
($863
million),
which
is
642
million
euros
($750
million)
more
than
Barcelona’s.

Madrid
benefited
from
better
management
and
especially
from
not
making
big
signings
in
recent
transfer
windows.
Sevilla
followed
with
a
cap
of
200
million
euros
($233
million),
up
from
185
million
euros
($215
million)
a
season
ago.

Atlético
Madrid
was
third
in
the
list
after
having
its
limit
reduced
to
171
million
euros
($199
million).
Valencia,
owned
by
Singaporean
businessman
Peter
Lim,
was
last
in
the
list
of
first-division
clubs,
with
its
salary
cap
being
cut
from
about
100
million
($116
million)
euros
to
only
30
million
euros
($35
million).

The
league’s
total
cap
for
top-tier
clubs
was
at
2.27
billion
euros
($2.64
billion),
a
figure
2%
lower
than
it
was
last
season.
Clubs
are
already
benefiting
from
the
financial
boost
generated
by
the
league’s
new
multibillion-dollar
deal
with
investment
fund
CVC.

The
league
said
Spanish
clubs
spent
271
million
euros
($316
million)
in
signings
in
the
latest
transfer
window,
the
lowest
among
the
top
five
European
leagues.

(AP)

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