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Barcelona are confident their financial issues won’t prevent Marcus Rashford from joining the team.
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Barcelona, Spain – July 27, 2023 – Barcelona president Joan Laporta has publicly stated the club is making significant headway in resolving its financial constraints to ensure the registration of new signings, including Manchester United loanee Marcus Rashford, before the commencement of the 2023-2024 La Liga season. This announcement comes after weeks of speculation regarding Barcelona’s ability to comply with La Liga’s financial fair play regulations.

Rashford’s Transfer and Financial Implications

Rashford, 25, joined Barcelona on a season-long loan from Manchester United on July 19, 2023, with an option to buy for a reported ยฃ26 million (approximately โ‚ฌ30 million). The agreement stipulates that Barcelona will cover the entirety of Rashford’s wages, estimated to be around ยฃ200,000 per week. The club’s ability to accommodate this financial commitment has been a central concern, given their existing debt of over โ‚ฌ1 billion as of March 2023, according to reports from Marca.

Laporta addressed these concerns in an interview with ESPN, stating, “It’s progressing well. We’re doing our job and we’re confident that we’ll be able to register everyone.” He did not elaborate on the specific measures being taken, but sources within the club indicate a combination of player sales and restructuring of existing debt are being pursued. Specifically, the potential sale of midfielder Franck Kessiรฉ to Al-Ahli in Saudi Arabia for a reported โ‚ฌ12 million is seen as a key component of freeing up salary space.

Barcelona’s Financial Situation: A Deeper Look

Barcelona’s financial difficulties stem from a period of excessive spending under previous administrations, compounded by the economic impact of the COVID-19 pandemic. The club has been operating under La Liga’s salary cap restrictions, which limit the amount clubs can spend on player wages and transfers.In the 2022-2023 season, Barcelona activated several “economic levers,” including the sale of future television rights and a portion of its ownership in Barรงa Studios, to generate immediate revenue. However, these measures provided only temporary relief.

La Liga president Javier Tebas has repeatedly emphasized the league’s commitment to enforcing financial fair play rules, stating that no club will be allowed to register players if they exceed the salary cap. Barcelona’s successful registration of Rashford and other signings hinges on demonstrating compliance with these regulations by August 12, 2023, the deadline for registering players for the start of the La Liga season.

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