Barcelona facing bankruptcy if players reject pay cut. The club needs to cut the wage bill by 190 million euros.
Barcelona could be declared bankrupt if they are unable to reduce their wages bill by 190 million euros by the end of next week, RAC1 reports.
Negotiations to lower salaries began on Friday with a meeting between lawyers representing the club and the players.
For Barça, it is a race against time. They need to reach an agreement with the players to cut wages by 30% by Thursday 5 November or run the risk of being declared bankrupt in January.
One of the most worrying situations is that concerning Leo Messi because if he decides not to renew his contract, the club will also be obliged to pay him a bonus for reaching the end of his contract.
Credit: AS English