3 years, 6 months ago

Barcelona’s salary cap slashed amid financial struggles

Barcelona’s salary cap has been significantly reduced because of its financial struggles, becoming more than seven times smaller than that of rival Real Madrid, the Spanish league said Wednesday. The league said Barcelona’s spending limit on salaries for the 2021-22 season has been set at 97 million euros, about 285 million euros less than a year ago. Barcelona's struggles had already forced the league to slash the club's cap from a league-high 670 million euros in 2019-20 to 385 million euros last season. READ : Manchester City's Guardiola rues missed chances in PSG defeat Madrid’s cap is the highest, going from 470 million euros to 739 million euros, which is 642 million euros more than Barcelona’s. The league said Spanish clubs spent 271 million euros in signings in the latest transfer window, the lowest among the top five European leagues.

The Hindu
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