VIP validation is linked to it but this drop has to be about matchday revenue as this formula is likely based on using Cruyff stadium since Camp Nou has only been given a green light recently and only partially. It has no impact to current squad as it will change in February but it absolutely handcuffs the club in January window should they pursue a target. Question is if they are up to 60k attendance in October and the VIP seats are validated
However, overall, it's scandalous really. Club has generated substantial transfer income, shed high salaries, increased revenues, sponsorship & commercial deals and have streamlined operating costs (Even at expense of Femeni) yet the gap with the capital is increased in terms of the cap
At best its deliberately selective enforcement or scrutiny but it is well document that corruption is endemic in Spain. In terms of corruption index the country has actually continued to drop as they persist in failing to enforce or implement anti-corruption measures (GRECO) - zero transparency, zero confidence