FC Barcelona has officially announced the signing of 21-year old Ferran Torres on a 5-year deal which will see him at the club till 2027, know his salary. release clause, fees, contract
Ferran Torres is all set to join FC Barcelona and work under the mentorship of club and Spanish legend Xavi. Signed for a transfer fee of $62 million, the young Spaniard formerly played under Pep Guardiola at Manchester City but was not a part of the Spanish manager’s plans on a regular basis.
With Kun Aguero retiring because of a heart condition, Barcelona has had to scout for attacking options and hence Torres’ arrival at Camp Nou is something that will surely cheer up Barca fans. However, the club’s major concern is to register the player in ways that run parallel with La Liga’s financial fair play rules.
FC Barcelona Transfer News: Ferran Torres Fees, Salary And Contract Details
As per Spanish reports, Man City could possibly be at the receiving end of an additional $11 million in performance-based payments and incentives earned on the basis of the Spaniard’s Champions League and Ballon D’or achievements with the Catalan giants. The Premier League defending champions were looking to make $80 million for Torres, who they obtained for $28 million in 2020.
He used to earn 2,400,000 pounds per year at Manchester City with him having a five year contract worth 12,000,000 pounds with the club.
Torres has now joined Barcelona as the club sets on a new path with Xavi at the wheel. But what’s got football fans scratching their heads in perplexity is how Barca was able to make this sort of an investment, given the fact that they find themselves in huge financial debt.
To add Torres to its squad, what Barcelona will now have to do is revise existing contracts or drop players from its first-team squad. All this must be done in accordance with La Liga’s financial fair play rules and regulations and only then can the club officially register the 21-year old player.
FC Barcelona: What Is The Ferran Torres Transfer Fee And Release Clause
According to sources, Man City will be paid the $62 million transfer fee by Barca over four instalments, starting the approaching summer. Torres has been locked in for 5 years with his release clause set at over a whopping $1.1 billion, further making sure the Spaniard does not go anywhere anytime soon.
As for Valencia, it will receive 10 per cent of the transfer fee, as part of a clause to its agreement with City on the 2020 transfer, along with an additional four percent from the potential performance bonus.
Explained How Can Barcelona Afford To Pay For Ferran Torres Despite Being In Debt And The La Liga Salary Cap
Players will either have to leave or contracts will be reworked/revise in order to register Torres for La Liga competitions. Because of revenue losses caused by the Covid-19 pandemic, the Catalan side’s budget for 2021-22 as set by La Liga has now fallen to $113 from $450 million. The mentioned figure is based on a La Liga formula that takes revenue, costs and debts into consideration and makes it certain that teams only spend 70 per cent of revenues. As for teams that are over their allocated salary budget, they are allowed to spend only 25 per cent of any new revenues or cost savings.
Since its salary budget has also seen a major reduction, it’s strange and surprising that Barcelona, along with Real Madrid refused a cash injection loan from venture capital firm CVC. The firm supplied timely resources to all the other La Liga teams in exchange for a share in media rights. Now the question is if Barca will change their mind and go back to striking an agreement with CVC or not.
Due to Sergio Aguero’s retirement (heart illness), his salary will be freed up and other players will be offloaded, either on loan or in permanent transfers, the latter being the better option for the club. A lot offers for Barca’s first-team squad members will line up on the table, leaving a few players who are definitely not going anywhere, namely- Ansu Fati, Gavi and Pedri.
The club’s highest earners like Samuel Umtiti and Philippe Coutinho are now going to be available in the shop window, and as for Sergino Dest, Clement Lenglet, Frenkie De Jong and Luuk De Jong, these are among the potential transfers out.
Players like Sergi Roberto and Ousmane Dembele have their contracts expiring with the club this summer, and that will help a great deal in clearing space. But Dembele does not have any plans of leaving Barca and apparently wants to sign a new deal at a reduced salary amount with the club. Not just that, the Catalan side also has to worry about registering Dani Alves in January next year as there is no doubt about the fact that the Brazilian right-back will play a key role in helping Barca get back to winning ways under Xavi.