Huge blow to Barcelona, club banned from signing players in summer transfer window: Report

Barcelona has been hit with a severe jolt as y reportedly need to raise £178 million in order to enable ir transfer business in summer. Catalan giants encountered a severe financial crunch last summer and h to trigger several ecomic levers as y brought in likes of Raphinha and Robert Lewandowski to Camp u. President Joan Laporta h earlier insisted that club is in good financial condition and need t sell any or players. But La Liga president Javier Tebas explained Catalan giants will have to sell players first to make room for new players.

Barcelona banned from entering summer transfer market: reports

Despite ir strong showing on pitch, Barcelona is entangled in dire financial constraints as club is also reeling under a massive £ 1 billion debt. y crashed out of Champions League group st this campaign and even couldn't secure a Europa League berth following ir defeat to Manchester United in playoffs.

Speaking at Financial Times' Business of Football summit Tebas opened up on Barcelona's transfer implications. “As of today, Barcelona doesn’t have any room in its budget to spend in upcoming transfer window. 

“Barcelona has been involved in questionable behaviour which has h an impact on LaLiga and we are acting accordingly. We have ruled that y can longer sign more players.

“y sold off £620m (€700m) in TV rights and tried to find different ways to solve situation but y won’t be able to do that next season. We have strict ecomic controls. At end of each window, we tell all clubs in LaLiga what y can spend." he said.

“In case of Barcelona, y have to drop from spending on ws and transfers from £532m to £399m (€650m to €450m), so it’s a budget of minus £177m (€200m).

“y have to reduce ir investment in players and we have encourd m to sell players because, for every amount y raise in sales, y can spend 40 per cent of that," he furr ded.

one player who could attract significant interest is a midfielder, Frenkie de Jong. Manchester United h tried ir hand at getting a deal done but failed to attract player. Barcelona's transfer ban could force m to earn some money by selling some of ir prized assets and United could utilise this lucrative opportunity to rope in de Jong in a much cheaper deal.