LaLiga has raised Barcelona's spending limit by 800 million euros , bringing it out of a spending deficit after the Catalan side sold off chunks of assets to patch up its finances, the Spanish league said.
To offset losses and comply with LaLiga's financial fair play rules, Barcelona sold 25 per cent of their domestic television rights to U.S. investment firm Sixth Street for the next 25 years in two deals worth over 500 million euros. LaLiga president Javier Tebas said Barcelona will have to continue to reduce their wage bill to maintain their spending limit for next season.
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