Barcelona's new striker Robert Lewandowski will need to be a success for coach Xavi. Reuters
Barcelona's new striker Robert Lewandowski will need to be a success for coach Xavi. Reuters
Barcelona's new striker Robert Lewandowski will need to be a success for coach Xavi. Reuters
Barcelona's new striker Robert Lewandowski will need to be a success for coach Xavi. Reuters

Barcelona's relaunch counting on Xavi's financial gambles paying off


Ian Hawkey
  • English
  • Arabic

“Maybe the expectations are too great,” suggested the coach of Barcelona after a dispiriting first 90 minutes in what is billed as the grand relaunch of a troubled club.

Xavi had overseen the competitive debuts in Barca colours of Robert Lewandowski, serial Golden Boot, of Franck Kessie, freshly signed from Italian champions AC Milan, and the €60m Raphinha, who 24 hours earlier Xavi had likened to Rivaldo and Neymar.

Over 80,000 came to Camp Nou to see the new faces. They witnessed a 0-0 draw against Rayo Vallecano. “We need to get better and keep believing in the model,” insisted Xavi.

The model that has enabled Barcelona to commit more than €180m to new signings so far in this transfer window is radical. The club came into 2022 weighed down by debts in excess of €1 billion, and restricted by La Liga rules which impose strict limits on the balance of income to outgoings.

To bring in fresh players, Barcelona had to bring in fresh money. They have done so by selling off stakes in future commercial revenue, a large tranche of the €800m they raised in a very short time coming from granting 25 per cent of their broadcast-rights income to a US investment firm for the next quarter-century.

Some of that money bought Lewandowski, Raphinha, and pays Kessie’s salary, and that of re-signed Ousmane Dembele - his previous contract with the Barcelona he joined in 2017 expired at the end of June. The cash injection just about allowed them to be registered with La Liga, though the sums are still tight. Last week, there was still not enough space in the revised club budgets to register another new big-money recruit, defender Jules Kounde.

Barcelona ratings v Rayo Vallecano

Xavi has been assured Kounde will soon be available, perhaps as soon as this weekend’s trip to Real Sociedad, while he learns fast that his job entails monitoring not just fitness issues but looking, hour-by-hour, how the budget is balancing up. He hears awkward conversations among long-serving players who used to be his teammates, like Gerard Pique, Sergio Busquets and Jordi Alba, about the pay reductions they have been pressured to take in order that Barca can be so aggressive in spending on new recruits.

In the nine months since Xavi, 42, was invited to leave Al Sadd in Qatar and take over at the club he used to captain, the choices in front of him have transformed. Rewind to Xavi’s first match as coach, a derby against Espanyol in November. Barca finished with a front quartet of Philippe Coutinho, Memphis Depay and the teenagers Ez Abde and Yusuf Demir closing out a 1-0 win.

Coutinho, the costliest signing in Barca history back in 2018, has since been sold, at a massive loss, to Aston Villa. Demir is back in his native Austria. Depay, last season’s top scorer for Barca, and Abde are being touted for sale.

Barcelona's Frenkie de Jong with coach Xavi. Reuters
Barcelona's Frenkie de Jong with coach Xavi. Reuters

Fast forward to the standout result of Xavi’s short tenure so far, a 4-0 victory over Real Madrid at the Bernabeu in March. It finished with Ferran Torres, Pierre-Emerick Aubameyang and Adama Traore across the three striking positions. The trio had all arrived in the January transfer window, space in the budget for Torres, payment of whose €60m transfer fee from Manchester City had been staggered long into the future, and Aubameyang, who cancelled his existing contract at Arsenal, eked out partly thanks to the loan of Coutinho to Villa. Traore, a graduate of Barcelona’s academy, was on loan from Wolves.

Traore has since returned to England. Aubameyang, who in a half-season matched Depay’s 13 goals in the whole of 2021/22, may soon follow him there, so busy have been the shifts in the hierarchy. Torres, like Aubameyang, sense that Xavi’s preferred front three now is Dembele, Lewandowski and Raphinha.

The high turnover sets particular challenges for Xavi. But no coach of his age or experience would not envy the resources granted to him. The level of spending puts a huge trust in a manager who has been in charge of Barcelona for just 38 games so far.

His triumph last season was to guide the team up from ninth in the table to runners-up - by 13 points - behind Real Madrid. Yet his ratio of wins-to-matches is still shy, at 52 per cent, of the overall records of his three predecessors, Ernesto Valverde, Quique Setien, and Ronald Koeman.

“I accept the pressure,” said Xavi ahead of the tough-looking Real Sociedad fixture. Barca have broken the bank to equip him with a world-class squad. They need him to make the financial gambles pay off.

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FOOTBALL TEST

Team X 1 Team Y 0

Scorers

Red card

Man of the Match

 

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TOUR DE FRANCE INFO

Dates: July 1-23
Distance: 3,540km
Stages: 21
Number of teams: 22
Number of riders: 198

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What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

RESULTS

1.30pm Handicap (PA) Dh 50,000 (Dirt) 1,400m

Winner AF Almomayaz, Hugo Lebouc (jockey), Ali Rashid Al Raihe (trainer)

2pm Handicap (TB) Dh 84,000 (D) 1,400m

Winner Karaginsky, Tadhg O’Shea, Satish Seemar.

2.30pm Maiden (TB) Dh 60,000 (D) 1,200m

Winner Sadeedd, Ryan Curatolo, Nicholas Bachalard.

3pm Conditions (TB) Dh 100,000 (D) 1,950m

Winner Blue Sovereign, Clement Lecoeuvre, Erwan Charpy.

3.30pm Handicap (TB) Dh 76,000 (D) 1,800m

Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.

4pm Maiden (TB) Dh 60,000 (D) 1,600m

Winner Bladesmith, Tadhg O’Shea, Satish Seemar.

4.30pm Handicap (TB) Dh 68,000 (D) 1,000m

Winner Shanaghai City, Fabrice Veron, Rashed Bouresly.

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Results:

5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)

5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly

6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel

6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani

7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel

7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel

Updated: August 19, 2022, 3:14 AM