Barcelona Has its Spending Limit Increased but Remains Well Below Real Madrid's Cap

Pedestrians walk on the Gran Via street in downtown Madrid, as a thermometer reads 35 degrees Celsius, on September 12, 2024. (Photo by Thomas COEX / AFP)
Pedestrians walk on the Gran Via street in downtown Madrid, as a thermometer reads 35 degrees Celsius, on September 12, 2024. (Photo by Thomas COEX / AFP)
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Barcelona Has its Spending Limit Increased but Remains Well Below Real Madrid's Cap

Pedestrians walk on the Gran Via street in downtown Madrid, as a thermometer reads 35 degrees Celsius, on September 12, 2024. (Photo by Thomas COEX / AFP)
Pedestrians walk on the Gran Via street in downtown Madrid, as a thermometer reads 35 degrees Celsius, on September 12, 2024. (Photo by Thomas COEX / AFP)

Real Madrid remains with the Spanish league's highest spending limit following the summer transfer window, while Barcelona improved significantly but remained well below its rival's cap, The Associated Press reported.
The league released the cost limits for each team on Thursday, with Madrid's cap reaching nearly 755 million euros ($833 million), up from 727 million euros ($803 million).
Barcelona's limit more than doubled from 204 million euros ($225 million) after the winter transfer market to 426 million euros ($470 million), but the Catalan club could still be in a delicate situation going into the next transfer window if it doesn't make moves to improve its finances.
Atletico Madrid is the Spanish club with the third-highest spending limit at 310 million euros ($342 million), up from 303 million euros ($334 million).
Sevilla was among the teams struggling the most, with its limit being reduced from more than 150 million euros ($165 million) to only 2.5 million euros ($2.7 million).
The cost limit represents the maximum amount each club can spend on players, coaches and other staff. It also includes spending on reserves, the youth system and other areas.
Each Spanish league club has a different spending limit based on factors such as revenues, costs and debts. It is proportional to roughly 70% of a club’s revenues. Clubs that are overspending need to find ways to either reduce costs or attract new investment.



Arsenal Manager Mikel Arteta Signs New 3-year Contract to 2027

Arsenal's manager Mikel Arteta celebrates at the end of the English Premier League soccer match between Tottenham Hotspur and Arsenal at the Tottenham Hotspur Stadium in London, England, Sunday, April 28, 2024. (AP Photo/Kin Cheung)
Arsenal's manager Mikel Arteta celebrates at the end of the English Premier League soccer match between Tottenham Hotspur and Arsenal at the Tottenham Hotspur Stadium in London, England, Sunday, April 28, 2024. (AP Photo/Kin Cheung)
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Arsenal Manager Mikel Arteta Signs New 3-year Contract to 2027

Arsenal's manager Mikel Arteta celebrates at the end of the English Premier League soccer match between Tottenham Hotspur and Arsenal at the Tottenham Hotspur Stadium in London, England, Sunday, April 28, 2024. (AP Photo/Kin Cheung)
Arsenal's manager Mikel Arteta celebrates at the end of the English Premier League soccer match between Tottenham Hotspur and Arsenal at the Tottenham Hotspur Stadium in London, England, Sunday, April 28, 2024. (AP Photo/Kin Cheung)

Arsenal manager Mikel Arteta signed a new contract to 2027 on Thursday.

“I feel very inspired, I feel challenged, I feel supported and I want to do much more than what we’ve already done together,” Arteta said.

The 42-year-old Spanish coach has been at Arsenal since December 2019 and transformed the team into Manchester City's main English Premier League title rival by finishing runner-up in the last two seasons.

His previous deal was expiring at the end of this season and speculation mentioned him as a potential successor to Pep Guardiola at City.

“We are really happy that Mikel has signed a new long-term contract. It’s a very positive and proud moment for everyone at the club," Arsenal sporting director Edu said, The AP reported.

“Mikel has shown his qualities since the very first day he joined us, not only as a football manager, but as a person with wonderful values. We have a strong belief in what we are doing and what we want to achieve together. Mikel’s new contract gives us stability and clear direction as we aim for new heights.”

Arteta was Guardiola's assistant at City before succeeding Unai Emery at Arsenal and going on to win the FA Cup in his first season in charge.

Two seasons ago, Arsenal spent 248 days at the top of the league but was beaten to the title by City. No other team had spent so long in first place without being crowned league champion.

Last season, Arsenal pushed City even closer when taking the title race down to the last day, and eventually finished two points behind Guardiola's team.

“Mikel is a dynamic and passionate manager, who is relentless in the pursuit of excellence,” Arsenal co-chair Josh Kroenke said. “He has a deep understanding of Arsenal’s values, and since joining us as head coach in December 2019, he has taken the team to another level in an Arsenal way.”