UEFA cut the wings off Barca and Real Madrid

A wake-up call on the 'palancas'. According to the Telegraph, UEFA has warned FC Barcelona and Real Madrid that this type of income will not be taken into account for the purposes of financial Fair Play.

It is a move that undoubtedly adds pressure (if that's even possible) to a club that has been juggling and juggling to make the numbers work and to be able to sign renewals and new signings. 

And, in a way, it perhaps explains why Real Madrid are experiencing such an austere summer transfer window. Beyond the millionaire signing of Bellingham, of course. 

UEFA, according to the Telegraph, treated Barcelona's sale of a number of future revenue streams for around 700 million euros last summer as debt. The same was true of Real Madrid's sale of future revenue from the redeveloped Bernabeu for 360 million euros to US investor Sixth Street last summer.

In the financial results of both clubs published for the benefit of their members, who are the ultimate owners of the clubs, these upfront cash payments in exchange for a share of future profits have been presented as profits.

It should be recalled that UEFA announced on Friday that it would fine Barcelona €500,000 for its latest Financial Fair Play figures.