Barcelona has announced the cut in their salary limit by 15 million euros. This new revelation is said to be due to financial handling during the January transfer window. The Blaugrana currently holds the highest wage cap in the La Liga. From their current 656 million euros a salary cut of 15 million euros is expected to go into effect in the coming months.
The amount includes spending on staff. Staff included consist of medical staff, club and academy players, and managers and their assistants. Also included in the amount is the club’s insurance, social security, and repayments.
In the second and third place is Real Madrid, and Atletico Madrid respectively. Real Madrid’s salary limit is just behind Barcelona’s at 641 million euros. While Atletico Madrid’s salary limit is at 348.5 million euros. Though, it is believed that Barcelona may end up spending more money on a new signee being that they’ve lost Ousmane Dembele for six months due to injury. But in order to spend more, they will need to seek permission from La Liga as well as comply with the protocol.
The beginning of the season saw all 20 La Liga teams announce their limits for the 2019/20 season. Initially, tongues waged at the ridiculous amount each club has decided to announce. Barcelona was given the go-ahead to spend up to €671 million ($738 million) on sports salaries. This is an increase from the €38m over the 2018/19 season. While Real Madrid is second highest with a salary limit of €641m ($705m) and then comes Atletico Madrid at €384.5m ($423m).
It is believed that Neymar’s world-record transfer to PSG in the summer of 2017 has had an impact on the La Liga giant’s salary limit. Limits placed on each club will minimize clubs spending on club’s day to day activities bit also transfer fees paid and agent fees.
”The salary limit for each team is based on the following:
- Expected income PLUS
- Average amount of transfer income over the previous three years LESS
- Non-sport expenses such as travel, security and non-sports staff” based on a new report provided by La Liga.
Barcelona is said to have revised its spending and submitted a request for the reduction to La Liga for validation. In recent times, La Liga has reinforced new rules which see any team exceeding their salary limit cannot be registered by La Liga. This salary limit also applies to the Segunda Division. Last summer transfer window saw Malaga release Shinji Okazaki back to Leicester City after joining the club for a week. Malaga reportedly had to release the player back due to the player taking the club over its salary limit.