Barcelona hold urgent talks to cut 30 percent from wage bill entire club. Debt at the club has risen from €217m to €488m.
Barcelona are in urgent talks to cut the wage bill of the entire club by 30 percent to ease their mounting financial pressures, report Cadena Ser.
There will be negotiations with the club’s first-team squad and non-playing staff in the coming weeks with a deadline of 5 November for an agreement between the parties.
Whilst there is hope on behalf of the board that an agreement can be found, the club will unilaterally bring in the changes if one cannot be reached amicably.
Whilst some players are open to the move, many more are said to be deeply suspicious of the club’s actions and are unwilling to come along easily.
Last week, it was reported that the club’s players could unilaterally terminate their first-team contracts in 2021 if wage cuts were imposed on them without their full contractual agreement.
That followed on from the club accounts showing that Barcelona’s debt had more than doubled during the 2019-20 campaign amid extremely worrying financial results.
The club’s financial figures, as outlined by Marca, show that the debt at the club has risen from €217m in June 2019 to €488m in June 2020.
Credit: Football Espana