The Spanish league mentioned on Wednesday that Barcelona’s wage cap has been considerably diminished as a result of its monetary struggles, leaving it seven occasions smaller than that of rivals Real Madrid.
The league mentioned the spending restrict on Barcelona’s salaries for the 2021-22 season has been set at 97 million euros ($113 million), about 285 million euros ($334 million) lower than a yr in the past.
This lack was the rationale the Catalan membership failed to supply Lionel Messi a brand new contract and let him be a part of Paris Saint-Germain.
Messi reportedly earned round 140 million euros ($163 million) per season, though he mentioned he had agreed to chop his wage in order that he might stick with the membership.
Each membership has a unique wage vary, which is calculated primarily based on quite a few components, together with income, prices and debt. This is proportional to about 70% of a membership’s income.
The changes are a part of the Spanish league’s longstanding monetary containment measures to scale back golf equipment’ debt and maintain them financially wholesome.
Barcelona’s struggles have already pressured the league to chop the membership’s cap in 2019-20 from a league-high 670 million euros (now $785 million) to 385 million euros ($450 million) final season.
In addition to shedding Messi, Barcelona additionally despatched Antoine Griezmann on mortgage to Atlético Madrid, and was its solely signing free agent this low season.
Six different golf equipment now have larger spending limits than Barcelona.
Madrid has the best cap, rising from 470 million euros ($550 million) to 739 million euros ($863 million), which is 642 million euros ($750 million) greater than Barcelona. Madrid benefited from higher administration and never signing massive particularly within the latest switch window.
Sevilla adopted with a cap of 200 million euros ($233 million), up from 185 million euros ($215 million) a season earlier.
Atlético Madrid was third on the record after decreasing the restrict to 171 million euros ($199 million).
Valencia, owned by Singaporean businessman Peter Lim, was final on the record of first-class golf equipment, with their wage cap diminished from round €100 million ($116 million) to simply €30 million ($35 million).
The league’s complete cap for the top-tier golf equipment was 2.27 billion euros ($2.64 billion), a 2% lower from the earlier season.
Clubs are already benefiting from the monetary incentive generated by the league’s new multi-billion greenback take care of funding fund CVC.
The league mentioned Spanish golf equipment spent 271 million euros ($316 million) signing within the newest switch window, the bottom among the many prime 5 European leagues.
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With inputs from TheIndianEXPRESS
