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The Spanish and European champions have revealed the latest figures related to their budget, indicating that they possess the means to sign new players despite losses

Barcelona have announced that they can afford to spend at least €45 million on transfers this summer.

The Catalan club’s vice-president for economic affairs, Javier Faus, made the declaration on Wednesday and added that it could rise further depending on their summer sales.

Barca have been linked with a move for a number of high-profile names in the close season, including Villarreal's prolific striker Giuseppe Rossi, who is expected to cost €30m and Alexis Sanchez, whose club, Udinese, are demanding a fee in the region of €35m for the Chilean.

The Camp Nou giants also continue to be associated with finally concluding a deal for long-term target Cesc Fabregas from Arsenal.

"[Barcelona have] €45m for transfers, plus the money that can be obtained from sales [of players] in the close-season,” he is quoted as saying by the club’s official website. “When we speak about sales we will only consider those that are beneficial to the club."

He added: "The Spanish Supercup [to be played against Real Madrid in August] would bring in some €3m of extra income.”

Faux also announced that the Spanish and European champions have reduced their pre-tax loss to around €21m in the year to the end of June and added that while revenue during this period was €420m, the spending was trimmed from €495m to €441m.

“We are delighted with that outcome," Faus enthused. "It is the best possible investment because Barca has never been as recognised in brand terms as it is now.”

Barcelona’s gross debt stands at around €483m and the net debt is at €364, a fall from €532m and €431m respectively, and Faux wants more favourable figures at this time next year.

"There has been a very significant effort, which will continue over the next two years, to cut this debt,” he said. “For this board of directors, this milestone is unavoidable and cannot be waived.

“FC Barcelona lost €83m last year and €21m this year and it cannot allow itself to continue losing money."

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