Barcelona players set for 122 million euros salary cut | Inquirer Sports
Close  

Barcelona players set for 122 million euros salary cut

/ 03:21 PM November 28, 2020
barcelona FC

Barcelona’s Spanish midfielder Pedri (3R) celebrates teammates after scoring during the UEFA Champions League football match between FC Barcelona and Ferencvarosi TC at the Camp Nou stadium in Barcelona on October 20, 2020. (Photo by LLUIS GENE / AFP)

Barcelona was close to securing an agreement on Friday for a 122 million euros ($145 million) cut in players’ salaries this season to help offset the financial hole left by the coronavirus pandemic.

The deal, announced in a statement by the club, must now be ratified by the players “in the coming days”.

ADVERTISEMENT

The reduction in their wage bill represents a welcome financial lifeline for Barca, hit hard by the loss of gate receipts at the Camp Nou and other effects of COVID-19 prevention measures.

Barca’s acting president Carles Tusquets has described the financial situation as “not dramatic, but very worrying”.

FEATURED STORIES

Tusquets assumed temporary control following Josep Maria Bartomeu’s resignation last month.

Restoring Barca’s finances will be one of the items on the top of the new president’s in-tray with the election for Bartomeu’s successor to be held on January 24.

A new candidate entered the race for the job on Friday in Joan Laporta, who occupied the position between 2003 and 2010 and led the club to 12 major titles.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Barcelona FC, Football, Sports
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.