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Barca players agree to pay cuts to save the club from financial ruin

Fri 27 November 2020 | 21:55

Barcelona reached an agreement with players to decrease wages that will save €122 million. Yet they are at risk of financial problems.

The club has reported that

Barcelona

has reached a deal with their

squad

to

cut wages

by €122 million over the next three years. However, they would also shell out €50 million per season.

Since La Liga place a lower wage cap on the club last week

the Blaugrana

was obliged to reduce their expenditure, as they attempt to stave off financial problems caused by the COVID-19.

"Today, the parties have reached an agreement in principle that allows an adjustment to salaries for the current season," the club confirmed Friday in a statement.

"[This is] for an amount of €122 million [in] fixed remuneration, which is added to the deferral for three years of variable remuneration from this season [onward], budgeted at an approximate figure of €50 million.

Barcelona has secured his place in the last 16 in the Champions League, but they have been unable to do the same in their domestic pursuits in La Liga.


source: SportMob