Barcelona crisis continues as La Liga giants forced to have wage bill lower than Watford

La Liga 'lacking star player' after Messi's Barcelona exit

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Barcelona’s crisis on and off the pitch shows no sign of improving after La Liga announced the salary cap for each of their clubs for the coming season. The salary cap handed to the Catalan giants also reportedly has forced them to have a wage bill lower than that of even newly-promoted Watford.

Barca spent much of the summer transfer window attempting to dramatically cut their costs as the reality of their financial situation hit hard.

Antoine Greizmann and Emerson Royal were among those to be sold as club president Joan Laporta tried desperately to fit into their salary cap.

Ultimately, his efforts were not enough to keep superstar attacker Lionel Messi at the club, with the Argentine unable to register despite agreeing to a pay cut in a new contract.

That saw Messi bring an end to his association with the La Liga side, instead joining Paris Saint-Germain on a free transfer.

Several players have now taken pay cuts to ensure that Barca’s summer signings were able to register with the club.

JUST IN: Barcelona to revive Valverde failed transfer with £65m-valued duo

The reality of their situation has now been made clear for all to see, with the Spanish league having announced each club’s cap.

Barcelona’s cap has undergone an astonishing cut, falling from roughly £330m last season to £83.7m for the current campaign.

That figure includes spending on first-team players and coaching staff, as well as on the youth system and academy.

That cut is a result of their spectacular losses, Barca are expected to post a loss in the region of £420m in their upcoming accounts, and spending limit breaches from previous seasons.

Ronald Koeman to be ‘fired’ by Barca next week as Xavi ‘rejects’ offer (NEWS)
Barcelona ready to repeat Pedri transfer as ’emissary’ scouts talent (INSIGHT)
Barcelona ‘readying Man Utd January raid’ but need favour from Reds (TRANSFERS)

According to Bloomberg, their closest comparison in the Premier League is Watford, who were promoted from the Championship for this season.

The Hornets’ accounts show that they spent roughly £97m on their wage bill last season, £13m more than Barca are now allowed to spend.

La Liga calculates the cap from each club’s wage bill and revenues, with Barcelona’s falling incomings taking a further hit when Messi departed.

Barca’s cap is dwarfed by El Clasico rivals Real Madrid, who’s own cap is more than seven times higher at £638m.

Five other clubs are also ahead of them, with Atletico Madrid, Sevilla, Villarreal, Real Sociedad and Athletic Bilbao enjoying larger caps.

Barca’s debt current stands at more than £1billion, suggesting their financial problems will not be fixed any time sooner.

Any further breach to the cap this season will also see their relatively tiny figure be cut even further by La Liga.

The news only adds to the problems for Laporta, who has seen his club make a terrible start to the campaign and sit sixth in the Spanish top-flight.
Source: Read Full Article