Real Betis CEO: LaLiga have told us the spending limits and we're in eighth place LaLiga Spending cap of 100 million euros

Real Betis vice chairman and CEO Jose Miguel Lopez Catalan has revealed where Los Verdiblancos are placed in LaLiga's spending limit list.

Betis brought in the likes of Nabil Fekir and Borja Iglesias this summer to bolster their squad.

"Our objective every year has to be competing for Europe and this year we consider, with Rubi in charge, that we have a team to fight for the European places," Lopez Catalan told Radio MARCA.

"This morning, LaLiga told us the official economic control limits and Betis are in eighth.

"There are seven clubs that have more money than us to strengthen their squad, we don't use it as an excuse and we never will but, of these seven club, some have much more money available to them than us.

"Barcelona, Real Madrid, Atletico Madrid, Valencia, Sevilla and then Athletic Club and Villarreal are in front [of Betis].

"We are, for example, 80 million euros behind Valencia or Sevilla, and with a limit of 100 million euros.

"It's a really important difference that we can't forget, but we're our ambition is still to get into Europe because our project to qualify for Europe is improving more and more.

"We got very close to that 100 million euro mark, we used almost all of it up, and you had to count some of the renovations we wanted to make, some of the increases, but this is what we're going to do in every transfer window, until the final day, because highly valuable players can leave for 20 or 20 percent of this value.

"On deadline day, we were very close to making a signing. With that the squad would've been finished.

Lopez Catalan admitted that Juventus' Emre Can was close to moving to the Estadio Benito Villamarin in the final stages of the summer window.

"Emre Can is one of these 'top' players that arrive at a club and raise the standard," he said.

"I don't like to speak about names because we'd be showing our cards for future transfer windows and you have to keep them to yourselves, but we looked at the situations of these types of player and the job is almost done for future windows."