LaLiga has raised Football Club Barcelona’s spending limit by 800 million euros ($803 million), bringing it out of a spending deficit after the Catalan side sold off chunks of assets to patch up its finances, the Spanish league said.
Barcelona was given a cap of 96 million euros last year, which was slashed by January to minus 144 million euros - meaning the team had to find savings elsewhere to sign new players - after they ran up debts and future liabilities of 1.35 billion euros, with 673 million owed to banks.
As a result of their financial turnaround, the league said on Friday it has given Barcelona a cap of 656 million euros for the 2022-23 season.
