No Major Signings Allowed In La Liga — President News

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No Major Signings Allowed In La Liga — President

By Daily Sports on May 14, 2020

Barcelona’s chances of signing Inter Milan striker Lautaro Martinez could be thwarted after Javier Tebas said La Liga’s financial regulations will be strictly enforced next season.

The La Liga president has told clubs they will not be allowed to spend beyond their means and warned they will have to enforce wage cuts to deal with the financial consequences of the coronavirus pandemic.

Sources close to Barca have told ESPN the club remain optimistic they will be able to structure a deal for Martinez, while the Catalan club are also interested in signing Juventus midfielder Miralem Pjanic.

“We have seen the cash flows for each club and right now they have squads which exceed the [financial] limits we will establish for next season,” Tebas told the Instituto Iberoamericano de Derecho Deportivo.

“That brings consequences. Clubs are going to have to look at their academies and come up with a strategy to reduce salaries. There’s no other solution. Transfers that exceed financial limits will not be allowed – impossible.”

Since 2013, La Liga has had a cap in place which forces clubs to manage their finances appropriately. Each team’s limit is based on several factors, including expected income and the average amount of transfer income over the previous three years.

Barca’s limit for the 2019-20 season was set at €671 million – that includes spending on salaries for players and coaches, affiliated clubs, academies, the amortisation of transfer fees paid and agent fees. Real Madrid were capped at €641m.

That was based on Barca’s expected income for this campaign – over €1 billion – but that has all been thrown up in the air following football's shutdown due to the coronavirus crisis. (ESPN)

•PHOTO: Javier Tebas

Source Daily Sports

Posted May 14, 2020