Albert Soler, Barca's director of institutional relations, said the club's under-fire board would not put the future of the institution at risk by bending to excessive demands.
"Liverpool put a price of 200 million euros on a player that we wanted," Soler told reporters at a press conference held to explain Barca's haphazard signing policy this summer.
Barca ended the window making a slight profit on transfers after receiving a world record 222 million euros from Neymar's move to Paris Saint-Germain.
"We didn't want to put at risk the heritage of the club. This is a club of 150,000 members and has to be managed with coherence and responsiblity," added Soler.
Also Read
"We won't get involved in the game of a market that has lost its way.
"This board won't put the club at risk. UEFA and the European Clubs Association (ECA) have to reflect and make a decision."
Soler dismissed claims that Barca's status as one of the world's leading clubs is being threatened by their inability or unwillingness to match the lavish spending of other clubs.
"We haven't lost any international status for having common sense and not putting the financial viability of the club at risk."
Barca also insist that five-time World Player of the Year Lionel Messi will soon sign a new contract, tying him to the club until 2021.
"I want to send a message of calm to the members. There is no problem," added Soler over the delay.
"When the club announced an agreement it is validated by both parties.
"All that is lacking is the protocol.
Disclaimer: No Business Standard Journalist was involved in creation of this content