Barcelona deteriorating finances are indeed a barrier for Barcelona to recruit and fix their squad, even reportedly currently Barcelona debt has been quite large so they have to sell their broadcasting rights and also some merchandising licenses to cover their finances, currently Barcelona is in a very difficult condition to compete with the strong teams in La Liga today, Barcelona, of course, still has ambitions to continue to be able to compete in domestic championships and European competitions, but indeed their finances are a barrier to being able to get achievements as was the few seasons ago, currently in addition to selling some important assets for them, Barcelona is now trying to compete by relying on players who come from the academy and also those they get with the status of free transfers.
Looking at the strength comparison between Madrid and Barcelona today, of course we can see a significant difference between the two, so what you say is quite true, it will be difficult for Barcelona to be able to compete with Madrid in the current financial condition and even so far Xavi admitted that if Barcelona financial condition will not be able make their to compete with Madrid, Currently, Madrid has improved their squad well enough that Lewandowski also admitted that Madrid with Mbappe will be scary next season.
Indeed, their current financial situation which is currently having difficulties is an obstacle for them in recruiting new talented players because with their financial problems, of course they have certain limitations in recruiting players. Also, I think Barcelona really needs new players who have talent to be able to strengthen their squad. but their financial problems mean they cannot develop quickly. So I think next season they won't be able to provide tough competition, especially with their rivals who have succeeded in getting talented young players and have also now brought in one attacking line player who has talent. Even though Barcelona has to make major improvements to its squad, I don't think they can do that by recruiting new players, maybe Barcelona should just use the players they have.
However, it is reported that Flick has got a new player who will play in Barcelona's defense line. There is nothing wrong with Flick being able to bring in new players because of course he also wants to strengthen his team according to his taste. Of course, the current quality of Barcelona and Real Madrid in my opinion is very different, where Real Madrid already has talented and strong players in each line, and they can still perform consistently without Mbappe, whereas with Barcelona they need major improvements but With their inadequate financial situation, they are hampered in their development, so it can be concluded that Barcelona will not be able to compete well next season, especially if they compete with Real Madrid, I doubt that. But hopefully Barcelona can compete well even though the chances are slim.