Barça is squeezing La Masia in the exit operation and looking for more money in the sale of youth players.

Barça needs to generate salary margin to sign Joan García and realize capital gains before the end of this fiscal year on June 30. The club is still not covered by the 1/1 rule of LaLiga's economic control following disagreements with Crowe over the accounting of the sale of the 475 VIP boxes at Camp Nou for €100 million. The auditor considered the VIP boxes not to be a real asset of the club as they were not built (something that hasn't changed) and therefore refused to record the transaction in the 2024 fiscal year.

Any financial aid derived from player sales will have an impact on the accounts, especially when Barça doesn't expect to return to Camp Nou until mid-September. The delay in returning to the stadium will have a double negative impact on the treasury. On the one hand, the Catalan club hoped to earn an additional 28 million euros in stadium operating expenses with its return to Spotify Camp Nou in February.

On the other hand, as explained by El Confidencial , in the contract for the constitution of the Espai Barça FT Fund, the management company that placed the 1.5 billion in bonds with which the stadium work was financed , it is stated in point 5 iii that "only the Transferred Income generated after July 1, 2025" (the Start Date) are transferred to the Fund.

The Camp Nou error takes its toll

For that period it is stipulated that 100% of the income transferred to the bondholders must already be received, which are the income from the VIP boxes, the stadium sponsorship income and "in relation to the period that begins with the Start Date and ends on the date in which the capacity of the VIP boxes/seats developed at the Camp Nou and the Museum reaches 90% (the Capacity Milestone Date): (i) all Eligible Stadium Income generated in (or transferred) that financial year that exceeds 100.4 million ."

From this point on, the minimum expected income for bondholders is €100 million for that annual period , which would end on June 30, 2026. How will this income be covered if the stadium won't be operational until September? There's also no sign of new investment partners for Barça Vision . Fortunately for Barça, the club boasts one of the most prestigious and powerful youth academy in the world: La Masia.

La Masia, vital for balancing the numbers

Joan Laporta stated in one of his recent appearances on TV3 that Barça would earn €950 million compared to the budgeted €893 million. The extra €15 million from progressing in the Champions League helps. In this regard, it's worth recalling Barça's statement from last October, after approving the accounts at the General Assembly. The club highlighted the great work of the sporting directors in sales, including "record profits from player transfers." Deco is already in Barcelona and is trying to accelerate the departures and renewals.

The sales of Dembélé, Kessie, Nico, Abde, Mika Faye, Julián Araújo, Chadi and Marc Guiu led the Catalans to a profit of over €80 million last season . Barça were only able to make ordinary profits thanks to the highest transfer figure in recent years and to counting them as ordinary and not extraordinary income .

Similarly, Barça noted that "a conservative investment policy is being maintained, adapted to the current financial situation and based on confidence in the internal projection of its own players and targeted investment in unique players on a timely basis."

The club also emphasized that it "forecasts profits from player sales similar to the club's historical average, reinforcing its profitable transfer policy and replacing players who, due to age or lack of market share, were considered losses at the time of their departure." In other words, Barça has already predicted new player sales in the upcoming transfer windows to balance its regular activity.

Many open folders for Deco

Last winter transfer window, Barcelona transferred Vitor Roque to Palmeiras for €25.5 million. Youth player Unai Hernández went to Al-Ittihad for €4.5 million , and the sale of Nico González from Porto to Manchester City netted another €10.5 million, as they owned 20% of the youth player. The summer will continue in that vein.

Álex Valle's departure to Como for six million euros , along with the nearly eight million euros representing Todibó's 20% stake, are a boost for Barça, providing two players with no room in the first team. Lenglet's departure, with a salary completely out of the market and €32 million he won't have to pay, is also a major boost for Barça. But it won't end there.

But it won't end there. The U21 European Championship is underway, and Gerard Martín and Pablo Torre are selected for Spain. The former shone in attack. against Inter Milan with two assists when Alejandro Balde was injured. The second is a player who isn't in Hansi Flick's best interest, but who just a few years ago was considered one of the greatest gems of Spanish football.

The club hopes both will increase their value and can capitalize on it. Meanwhile, Barça is pushing to move Ansu Fati to Monaco, one of the highest-paid players in the Blaugrana squad . Pau Víctor could also leave, and the club is pressuring ter Stegen to pack his bags. Finally, and as reported by SPORT , FC Barcelona is keeping an eye on the future of some players with whom it maintains percentages for future transfers that could be finalized this summer.

The Catalan club owns Óscar Mingueza (Celta de Vigo, 50%), Mika Mármol (UD Las Palmas, 50%), Estanis Pedrola (Sampdoria, 50%), Álex Collado (30%) or Ilaix Moriba (RB Leipzig, 10%).