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Barcelona Could Go Bankrupt If Star Players Reject Massive Pay Cut

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Barcelona Could Go Bankrupt If Star Players Reject Massive Pay Cut

Barcelona face a huge race against time to avoid bankruptcy and need to trim their wage bill by €190 million according to stunning reports in Spain.

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Per RAC1, the club have begun negotiations with their players over a 30% wage reduction but terms need to be agreed by Thursday November 5 or bankruptcy in January is possible.

The Catalan giants' income has been hit hard by the coronavirus pandemic with their club stores suffering on top of no matchday revenue coming in.

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Interim president Carles Tusquets explained: "Our main concern is the cub's finances.

Image Credit: PA
Image Credit: PA

"The pandemic has affected Barcelona particularly hard. The club depends on tourism and now, all of that income has been lost; the situation is not very comfortable, we have to take on the ideas of the previous board to find a way of addressing the problems we are facing".

One huge obstacle to overcome could be Lionel Messi's contract.

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He attempted to leave Barcelona in the summer but was blocked from doing so, with his contract set to expire in 2021.

Should the 33-year-old fulfill his contract, he'll be entitled to massive loyalty bonuses.

Image Credit: PA
Image Credit: PA
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It means his average wage works out at around £988,000 per week with bonus payments reaching as much as £13 million a year.

Former president Josep Bartomeu announced his resignation earlier this week and claimed the Blaugrana had agreed terms to join a European Super League.

He stated the decision was made to benefit the club financially.

Per barcacentre he revealed: "I can announce extraordinary news... Yesterday we accepted the requirement to participate in a future European Super League that will guarantee the economic sustainability of the club. Today we have accepted the new format of the Club World Cup."

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Image Credit: PA
Image Credit: PA

La Liga president Javier Tebas slammed the announcement and accused Bartomeu of being led by Real Madrid's Florentino Perez.

Bartomeu was led by Florentino. That is what I believe," Tebas told Associated Press per Marca.

"This league has been the dream of the president of Real Madrid... he has worked for it for a long time, it is nothing new. But it is a serious mistake, he does not understand the serious financial consequences that it will generate."

Featured Image Credit: PA Images

Topics: Football News, Football, Barcelona, Lionel Messi, Champions League, La Liga

Daniel Marland
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