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Robert (sport director): "Signing Nolito in January? It's a possibility, but we're not in a hurry, we don't feel pressure to sign anyone."

Barcelona have informed Celta winger Noltio (29) today that the clubs have started transfer talks and that a deal is close. [md]

Piquénbauer skrev:Jeg tænker at hans alder måske kan være en fordel for spillere som Suarez, Halil, Munir osv. Det giver dem i hvert fald muligheden for at udvikle sig i ro og så se om de kan slå til om et par år.

Mestre (sports vice-president): "Nolito rumours? We didn't sign anything, so at this moment he's not a Barça player." #fcblive

As a transfer of Celta winger Nolito (29) is complicated, Barcelona are most likely not to sign anyone in the January transfer window. [ser]

Barcelona plan to offer 3M for six-month loan of Celta winger Nolito, and to sign a private deal to pay 18M buyout fee in the summer. [md]

kklaus skrev:

Barcelona plan to offer 3M for six-month loan of Celta winger Nolito, and to sign a private deal to pay 18M buyout fee in the summer. [md]

ELPISTOLEROSUAREZ skrev:

kklaus skrev:

Barcelona plan to offer 3M for six-month loan of Celta winger Nolito, and to sign a private deal to pay 18M buyout fee in the summer. [md]

Nogen der ved, hvorfor man så ikke hellere vil betale 18 nu? Falder klausulen til sommer måske?

When asked about the club being active in the winter transfer window, Monje said: “the club can afford to sign new players. But we have to be very prudent when doing this because we have a ratio to comply with.”

This brings us to the second financial problem the club has right now. The ratio Monje refers to is the maximum net debt to EBITDA ratio specified in article 67 of the club’s bylaws, which were approved in 2013 at the suggestion of the board. Article 67 states that by the end of the 2017-2018 financial year, this ratio has to be less than 2, with a progressive decrease from the time the statuses were approved until 2018.

The 2014-2015 season had a maximum ratio of 2.75 (which was exceeded). For 2015-2016, it’s 2.5, 2.25 for 2016-2017 and from 2017-2018 onwards it’s 2. The fact that the board failed to meet this ratio (debt was €328 million, EBITDA €105 million) for the previous season means that they now have two seasons to get back to the set ratios or they will have to resign. The club’s forecasted EBITDA for 2015-2016 is €120 million and they expect the debt to go down to €290 million, numbers that would give us a 2.41 ratio, thus meeting the required limit.

“We hope that we’ll even have the debt lower than that,” Monje explained, stating that she wants to reach €280 million.

A transfer made in January would increase the forecast debt (transfer fee) and decrease the EBITDA (salary), which means that there is not much room for maneuver at this moment. For example, if the new player’s salary is €1.5 million that means that the debt can be a maximum of €296.25 million which means that the transfer fee would have to be around €6 million. That means that unless there is an unexpected increase in income (like a signing bonus from the new shirt sponsorship deal or the sale of a player for a significant amount) Barça will most likely not sign anyone until this fiscal year is over on June 30th.