He has told clubs that they must stay within their means, and that salary cuts will have to be enforced to deal with the fall-out from the Covid-19 pandemic.
For the past seven years, the league has had a salary cap scheme in place to ensure that clubs stay within budget and manage their finances appropriately. The limit for each team varies but depends on factors like their expected income, and the amount of money generated from transfers averaged over a three year period.
In terms of the Big Two, Barcelonas cap was set at 671 million (593 million) and Real Madrids at 641 million (567 million). That figure includes the money spent on salaries for players and coaches, academies and affiliated teams, as well as agent fees. However, those projections were based on the league season proceeding as normal, and were pre-crisis, which has had a short-term devastating impact on football finances in the country.
It is currently estimated that Barcelonas budget for next season will be at least 200 million lower, with a similar cut expected for Real Madrid, And, further down the league, the effect on the smaller clubs is likely to be much more severe because of the way that the money from TV rights is skewed in favour of Barcelona, Real and Atltico Madrid.
It also means that wage cuts, which have been negotiated between players and clubs on a temporary basis to deal with the current crisis and the suspension of the league, are likely to become normalised, and that, long-term, players will have to accept salary reductions.
This means that, for this summer at least, high profile transfers involving star players being bought by Spanish clubs for big money will be a thing of the past. Not only will the country be a less attractive destination for foreign players but the clubs themselves will not be able to afford it.
Nor will Spain be the only country where this situation prevails. For now, at least, the annual transfer bonanza is over.