For a while, no one was sure whether or not Barcelona would actually be able to sign Brazilian winger Raphinha from Leeds United. After all, financial mismanagement is a term that has become synonymous with the Catalan club in recent years. But the transfer saga surrounding the 25-year-old is finally over after he was presented as a Barcelona player last week.
But weren't Barcelona broke? Weren't they supposed to be undergoing a period of turmoil where they would have to live within their means responsibly?
Well, not quite. While their salary cap situation remains in dire position, the club have been able to generate plenty of funds this summer through selling off their TV and marketing rights and by signing a number of lucrative sponsorship deals. Essentially, they've remortgaged the house.
