Guardiola has €45m to spend on new signings

BARCELONA have taken the unusual step of announcing their summer transfer budget after confirming they are taking measures to reduce the club’s debt.

Javier Faus, the European champions’ vice-president of the finance department, said coach Pep Guardiola will have €45m for new signings, plus money that may be obtained from sales”.

The announcement has already led to speculation Barca will not be able to move for targets such as Arsenal’s Cesc Fabregas, although income could be generated from sales of the likes of Bojan Krkic, Jeffren and Maxwell.