Maguire salutes Leeds for capitalising on Barcelona-Firpo 'humiliation'
Leeds United have shown excellent strategic nouse to take advantage of Barcelona’s “humiliating” fire sale situation and sign Junior Firpo.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Leeds confirmed the deal on 6th July.
This site first revealed on 29th June that Barca had accepted Leeds’ £12.8million bid for the 24-year-old left-back.
He signed a four-year deal at Elland Road and became the club’s second signing of the summer after the permanent capture of Jack Harrison.
Maguire told this site in May that Barcelona “have big debt problems and will be looking to constrain their wage budget.”
And the spreadsheet boffin claimed that Leeds are smart to sign players for discount prices by capitalising on “distressed markets” such as these.
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“Where there’s a fire, there’s a fire sale,” he told Football Insider correspondent Adam Williams.
“That’s the situation at Barcelona at the moment. The fact they can’t register these players they’ve signed is pretty humiliating for them.
“They are desperate to free up space on the wage bill. The benefit for Leeds is they are getting a player at a discount on his market value.
“It’s the sensible thing to do. You’ve got to look at distressed markets and take advantage.
“And remember, Leeds have been on the receiving end of this when they were going through their troubling period.
“So no fingers can be pointed at Leeds because business is business.”