Barcelona’s spending limit on salaries capped at 97 million euros for 2021-22 season

Barcelona, who are in a financial meltdown after reporting losses of 481 million euros earlier this year, have seen their spending power drop from 347 million euros per season to just 97.

Barcelona’s salary cap has been significantly reduced because of its financial struggles, becoming more than seven times smaller than that of rival Real Madrid, the Spanish league said Wednesday.

The league said Barcelona’s spending limit on salaries for the 2021-22 season has been set at 97 million euros ($113 million), about 285 million euros ($334 million) less than a year ago.