FC Barcelona and Atletico Madrid will have to cut down the costs of their squads by more than 35 million euros ($42.14 million) following new salary limits imposed by La Liga on Tuesday to cope with the financial impact of the Covid-19 pandemic.
The figures, published twice annually following each transfer window, dictate how much teams can spend on players, coaches, support staff and their youth teams.
They are calculated in line with revenues, which have been obliterated by coronavirus restrictions preventing fans from attending matches for 12 months while depressing the transfer market and reducing income from merchandising.
Barcelona are the club most acutely affected by the new limits and will be forced to reduce their costs by an additional 35.7 million euros, to 347 million.
League leaders Atletico Madrid, meanwhile, must make savings of 35.4 million euros to meet a new budget of 217.3 million.
Champions Real Madrid have the largest…
Source: Thisday Newspaper
