La Blaugrana vice-president, Javier Faus, revealed that the Catalan club cannot over spend in the 2012 summer transfer window due to their precarious financial situation.
Tito Vilanova will not have the same independence that was afforded to Pep Guardiola in the previous transfer window. The former Barcelona B assistant coach spent 14 million Euros to add http://www.senore.com/Football-soccer/Jordi-Alba-c19111 to his roster but is having a hard time in securing the
acquisition of Javi http://www.senore.com/Football-soccer/Martinez-c24468.
The new manager’s biggest fears came to be true as Barcelona vice-president, Javier Faus, revealed the latest set of numbers regarding the Catalan club.
Faus explained that http://www.senore.com/Football-soccer/Alexis-Sánchez-c4979 to the Camp Nou dressing room.
He remarked that the treasury cannot afford to spend an extra 20 to 30 million Euros as it puts their business plan at risk, and their questions their financial well-being.
Faus added that Barcelona need to be cautious at the moment for a brighter future, as the Catalan club needs to change their targets. He hinted at troubling times coming towards the club, claiming that they have to look to the present for a stable future.
Continuing on the topic, Faus stated that Barcelona have to decrease their outstanding debt, that currently stands at 335 million Euros.
"Last year we surpassed our transfer budget with the signings of Cesc Fabregas and Alexis Sanchez," Faus stated while presenting the end-of-year financial report.
"We cannot overspend our budget by €20 or 30 million each year. It would put our business plan at risk. It would not be sustainable.”
"The club needs to be cautious if it is to be able to take on ambitious future projects. We have to look to the medium and long-term stability of the club. Rational and austere measures need to be applied in order to secure a positive balance sheet.”
"The club must reduce the debt to sustainable levels and, above all, not take on more debt. We have to prepare for what could happen in the near future and have stronger assets. For ambitious real-estate projects, we need a healthy balance sheet."
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