Saturday, July 17, 2010

Barca reveal transfer kitty

Barca reveal transfer kitty

Barcelona have confirmed they have €50 million (Ј41.7m) to spend in the transfer market this summer.

The Spanish giants were forced to seal a five-year €155 million loan on Wednesday in order to resolve long-term cash-flow problems.

Since June Barca have had issues regarding player and staff wages and new president Sandro Rosell has set about resolving the club's finances.

The Catalans have already secured a move for former Valencia striker David Villa this summer, for €40 million, while there is the ongoing transfer saga with Arsenal's Cesc Fabregas.

Spain midfielder Fabregas was forced into a Barca shirt by team-mates during his country's World Cup celebrations, and the La Liga champions will be hoping their transfer budget will be enough to lure him to the Nou Camp.

"The club has approximately €50 million net to spend on new players each season," said a statement on the club's official website .

"In the case of this season, buying David Villa (€40 million) combined with the sales of Yaya Toure and Dmytro Chygrynskiy balance themselves out.

"This means the club still has €50 million to spend."

Barca have already had a bid of €35 million (Ј29m) for Fabregas rejected by the Gunners, and they are expected to up that offer.

It remains to be seen if funds from further player sales will be added to the kitty, as speculation regarding the futures of Zlatan Ibrahimovic and Rafael Marquez continues.

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Barca make Fabregas bidDavid Villa strikes to send Spain into the quarterfinals