Real Madrid and Barcelona
4 September 2026
Real Madrid generated about €210 million this summer from selling academy graduates and retained interests, helping fund €225 million in fixed transfer spending. Barcelona followed a similar approach and banked about €44.5 million from eight La Masia graduates.
Madrid retained buy-back, priority or partial-rights mechanisms in many exits, while sell-on interests produced major additional income. Barcelona also sold several players while keeping future control, using academy trading to create revenue without relying only on established first-team sales.