With two days to go until the transfer window shuts, Barcelona's latest moves in the market have been frozen by further financial problems
But now, with the transfer window closing at 11pm UK time on Friday , Barca’s next moves in the market have been halted — although club sources insist the Cancelo deal will still be completed.The commercial deal Barca announced on August 11 was with Libero and “private investors” advised by an Amsterdam-based investment firm . It is worth €120million for a 29.5 per cent share in the club’s Barca Studios media arm.It is essentially a resale of a deal agreed with two different buyers last summer.
According to sources familiar with the latest deal, €60m was to be paid this year — €40m from Libero and €20m from the private investors advised by NIPA.Barca claim they have received €20m from NIPA but nothing from Libero. According to Barca sources, they were expecting to have already received €20m of the €40m Libero agreed to pay. They said Libero has until Thursday to transfer the sum.that the initial terms of the agreement were for payments to be made in late October or early November.
Barca sources insist that the bank guarantee will provide a solution, but it seems likely that, once again, if the club does indeed find a fix for all the financial issues that have been looming over them all summer, it will only come at the very end of the transfer window. La Liga calculates a maximum spend on wages for each team according to a club’s revenue. The competition body will only approve a new registration if it believes the figures match up. As it stands, according to Barca sources, Cancelo’s registration would not be approved.— and if they fail to register him before the transfer deadline passes, the 32-year-old centre-back would be entitled to leave the club on a free because of a clause in his contract.
Sources at Barca say a deal for Joao Felix could only arrive “if conditions on the deal are really favourable to us”.But the 23-year-old’s potential arrival would also require, apart from the completion of this bank guarantee, some Barcelona players to be sold or sent out on loan.
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