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BARCELONA’S EUROPEAN DREAMS NEARLY SHATTERED AMID FINANCIAL STORM, JOAN LAPORTA SAYS
Barcelona president Joan Laporta reveals the club narrowly avoided a one-year Champions League ban from UEFA for using their controversial 'economic levers' to survive a financial crisis.
Photo by Javier Borrego / AFP7 via Getty Images
Barcelona has made significant progress since Josep Maria Bartomeu took over as president, bringing the team's finances to an all-time low and leaving it deeply in debt.
They have overcome the worst thanks to several economic levers, contract renegotiations, and astute transfer manoeuvres, but they have yet to reach the financial 1:1 rule, which Joan Laporta has established as their long-term goal.
However, the path to the club's current location has not been straightforward.
After all, Barcelona has managed to defuse the situation with UEFA, in addition to having to endure the stringent regulations enforced by La Liga and having trouble registering players.
Laporta's startling disclosure
Speaking at the General Assembly, Laporta disclosed that the squad nearly received a one-year suspension from the UEFA Champions League for using many economic levers.
To get the levers triggered to get through the difficult times the club was going through, he really mentioned that he needed to negotiate with UEFA to make sure the team would not be subject to such a sporting sanction.
He started by saying, "The defensive reason we offered to UEFA for non-compliance with fair play is the reflection of leverage as a capital increase."
"Without a sporting sanction, we reduced a fine from €80 million to €60 million and subsequently to €15 million. They initially intended to deny us access to the UEFA Champions League.
The president then discussed how, considering that his board inherited the club from their predecessors, the levers that were used were unavoidable.
"The levers were designed to ameliorate the predicament we were in four and a half years ago and to avert an exceptional outflow of members," he stated.
Laporta continued by arguing that the use of financial levers did not constitute a deceptive portrayal of monetary gain, as UEFA had first alleged.
Leverage is not technically a capital increase. It is merely the transfer of assets for a predetermined amount of time, after which they are retrieved.
You get a specific sum of money in return. We raised €600 million by transferring 25% of our television rights to a fund.
"After 25 years, this sum—roughly €35 million—will be given back to the club. It is an asset transfer that will be recouped after a specific amount of time," he continued.
"We were able to save the club because of this," he said.
DISCIPLINARY BLOW: MADRID PLAYER SUSPENDED POST EL CLáSICO TUSSLE
Real Madrid's backup keeper Andriy Lunin has been handed a one-game suspension by the RFEF for his aggressive conduct on the bench during the heated final moments of El Clásico. Real Madrid's appeal was rejected.
El Clásico Scuffle - Photo Credit Getty Images
Los Blancos' goalie Andriy Lunin has been suspended for one game by the RFEF Disciplinary Committee for his involvement in the sideline dramas during the El Clásico's final moments. Although the cameras did not catch it, referee Soto Grado did record that he had sent the Ukrainian off.
According to Mundo Deportivo, the RFEF responded as follows when asked why Lunin received a red card.
The reason for Lunin, Andrii's expulsion in the 90th minute was that he had to be restrained by his teammates after he walked aggressively from his bench to the blonde bench.
The disciplinary committee of the RFEF
"When considered significant, those whose behaviour violates sporting order will be suspended for four to ten games or fined between 602 and 3,006 euros."
Because of Lunin's actions, which constituted a minor violation of the sporting order, he was suspended for one game. The ruling had been challenged by Real Madrid. However, the RFEF stayed steadfast, defending the referee's ruling and the evidence in the match report and on film.
Now, the backup goalie will not play against Valencia this weekend, where he is probably going to be benched. Fran Gonzalez and Sunico, both from the youth team, might be called up as the matchday squad's third choice, with Sergio Mestre serving as a backup.
No Barcelona players or any other Real Madrid players were slapped with bans following the two flash moments in the closing stages of the game. When Vinicius Jr. and Lamie Yamal argued, even players who were not on the team were spotted shoving on the side of the field. The RFEF, however, determined that nothing that came to pass would justify further prohibitions.
ARSENAL STAR DROPS CONFIDENT TITLE HINT AFTER STRONG OPENING
Arsenal star Bukayo Saka is targeting a historic Premier League and World Cup double with England this season. The winger believes it's a "doable" feat as the Gunners lead the title race.
Bukayo Saka - (Image: David Price/Arsenal FC)
According to Bukayo Saka, it is feasible for Arsenal and England to win both games this season. The season has started well for the Gunners under Mikel Arteta's leadership.
Arsenal leads the Premier League standings by four points at the moment and is starting to look like a title contender. Manchester City is only one point ahead of defending champions Liverpool, who are seven points behind.
Saka, however, is not only interested in winning at his club; he also hopes to succeed internationally. Manager Thomas Tuchel has stated that winning the trophy is his ambition for England, who have qualified for the World Cup in the USA next year.
Saka is optimistic about his club's and his nation's chances of winning. "Yeah, that is my prayer," he remarked in an interview with Sky Sports. It is possible, of course.
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