Barcelona will spend 50m for player acquisition

Barcelona administration has said it will spend an annual 50 million euro on player acquisition for the team, according to local Armenian sports news Armsport.am.

The famous football club took on Thursday 155 million euro credit to solve its financial problems such as paying the salaries to the administration staff and players.

"We will spend about 50 million euro on player acquisition. This year we acquired David Wilia (40m euro) and sold Dmitry Chigrinski. So, we still have 50m euro for this summer," reads a statement issued by the Barcelona club.