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TA:巴萨出售内马尔所挣的钱本可用来改善财务,却被挥霍一空(TA:巴萨卖内马尔所得本可改善财务,最终却被挥霍殆尽)

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Clarifying user request

The user input is in Chinese and mentions that the money Barcelona made from selling Neymar could have improved their finances, but was wasted. It seems like a news headline. Since they didn’t ask a question, I need to clarify what they want. Do they want a translation, a summary, or just context? I also need to consider that I may not have browsing capabilities right now, so I’ll respond concisely.Summarizing Barcelona's situation

![法续约梅西](/assets/images/1BF60FC1.jpg)

I can provide a quick summary about Neymar's sale to PSG in 2017 for 222 million euros. Barcelona used those funds to acquire Coutinho, Dembélé, and Griezmann, but mismanagement led to ballooning wages. The Athletic highlighted that the funds were squandered, resulting in debt and Messi's departure. I should be careful about copyrights, so I’ll focus on a factual summary and avoid quoting the full article. Options for a response could include a timeline recap, financial breakdown, or current status.Providing a concise summary

![nse](/assets/images/4E9B2E7A.jpeg)

I plan to translate the headline into English and highlight the key points: the 2017 sale of Neymar, how the revenue was used (including transfers like Dembélé, Coutinho, and Griezmann), and related expenses such as wages and agent fees. I'll touch on Bartomeu’s policies and the resulting debt over €1B, salary cap issues, and Messi's exit. Current constraints include player registration through financial levers and compliance with La Liga. I’ll ask what the user would like next, keeping it short and straightforward.

这是在概括 The Athletic 的观点:巴萨2017年以2.22亿欧把内马尔卖给巴黎,这笔史上最高转会费本可用来修复财务,但随后几年被糟糕决策和高成本吞噬了。

要点简述

  • 现金流入:2017年内马尔解约金2.22亿欧入账,理论上可用于降债、压薪和长期投入(青训/基础设施)。
  • 实际用法:高价引援与高薪叠加——登贝莱(固定1.05亿+浮动)、库蒂尼奥(1.2亿+浮动)、格列兹曼(1.2亿)等;外加高额工资、经纪/签字费,成本结构失控。
  • 管理失当:巴托梅乌时期短视操作、合同通胀、阵容规划混乱;部分引援不匹配战术或重复配置,转会折旧与减值损失扩大。
  • 外部冲击:疫情重创比赛日与商业收入,放大了原有结构性问题。
  • 后果:债务与工资帽压力飙升,2021年无法续约梅西;随后拉波尔塔通过“经济杠杆”换取短期现金,但长期薪资/摊销空间仍受限。

如果你需要,我可以:

杠杆换取

  1. 做一份内马尔售出后至今的时间线(关键引援、费用、会计影响)。
  2. 按会计口径拆解转会摊销、工资帽与现金流的关系。
  3. 对比“若用于去杠杆 vs 实际路径”的情景分析。
  4. 总结当前财政与注册前景的简短展望。