For anyone who isn’t aware…
Barcelona claimed they had raised 667m from their “levers”.
When La Liga examined this, they discovered that when Barcelona sold their future TV rights to a company called Sixth Street, they actually formed a third company called Locksley, and Barcelona paid 150m to Locksley on top of the 517m from Sixth Street to buy the rights from Barcelona.
They paid a shell company 150m (which would be amortised over the 25 years) so that company could then pay them 150m more for their tv rights so it looked like they raised more money this year.
Now they are at least 150m short of registering 7 players.
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