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Barca are a financial mess, and UEFAcould even ban them from the CL next season because of their repeated financial shenanigans. Plus at rate next season settlement from the La liga (wages allowed to be paid) could even be lower still..I'd be so shocked if he doesn't choose Barca.
And their get out of jail free card, (their media flotation of future earnings) is now looking like a piece of wet rag..
In the last few days, the U.S. Securities & Exchanges Commission (SEC) tightened its rules on SPACs to protect investors, especially from inflated valuations. This is yet another blow for the Barca Media project, as it makes it more difficult to attract new funding, especially at the ambitious $1billion valuation trumpeted when the plan was announced last summer.
It is, of course, possible that new funding or partners will be found by that la Liga April deadline. However, if the SPAC is dissolved, the €120million initially put up by its investors must be returned, plus interest. Industry sources say this €120m should not have been spent by Barca, on transfers, or anything else, and if they have, they are in very very deep shit.
Barring unexpected developments over the next few months, the Barca Media ‘lever’ that helped fund the club’s transfer dealings last summer will not be of much use in the future.
This season, La Liga slashed Barca’s official permitted salary limit from €648million the previous year to a new figure of €270m. This rule applies to managers’ wages, too.
That came after changes voted in by La Liga clubs in November 2022, limiting the use of ‘lever’ money (essentially, the mortgaging of future earnings) for current expenditure, such as transfers and wages, to five per cent of a club’s annual turnover.
Barca's squad cost for 2023-24 — the total of salaries and transfer amortisations — was officially budgeted at €492million. As they have exceeded their level, La Liga rules say they must make cuts before signing any more players.
So whoever they sign now, may not even be allowed on the payroll and thus can't play for them come the summer...