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Reports in Spain say Barca need to trim their crippling wage bill by £170m.
Lionel Messi alone collects earns a staggering £65m in yearly wages according to FC Barcelona Latest News. That's before any bonuses come into consideration.
It means his average wage works out at around £988,000 per week, with bonus payments reaching as much as £13m a year.
Catalan radio station RAC1 claim Barca have begun negotiations with their players over a 30% wage reduction. However, these terms need to be agreed by Thursday November 5 or the threat of bankruptcy in January is a major possibility.
Barca's income has been hit hard by the coronavirus pandemic. But the club's finances continue to spiral out of control with losses of £88m announced in early October.
Messi's pay packet is far from the only issue. Antoine Greizemann picks up £294,000, while Philippe Coutinho pockets £180,000.
Veteran defender Gerard Pique recently penned a new deal, accepting a 50% pay cut to reduce his wages to £110,000.
After club president Josep Maria Bartomeu resigned, a new board helmed by Carles Tusquets is in charge until next year's elections.
Tusquets stated: "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."
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