Covid-19: Barcelona Agree Salary Slash Worth €122million With Players And Staff

Covid-19: Barcelona agrees to a salary reduction of 122 million euros with players and staff

The Barcelona soccer club has reached an agreement with its gaming team to cut salaries by 122 million euros (110 million pounds / 146 million dollars) over the next three years, the club announced.

The club has been forced to cut its budget after La Liga authorities imposed a lower salary cap on the club last week, so the club could compensate for financial difficulties caused by the Covid-19 pandemic. .

However, the club announced that it will still pay 50 million euros (45 million pounds / 60 million dollars) per season over the three-year period in salary packages.

La Liga president Javier Tebas introduced financial measures to reduce spending by clubs, as revenue streams have been reduced due to the ban on stadium fans amid the ongoing pandemic.

After weeks of negotiations with key figures such as Lionel Messi, Antoine Griezmann and coach Ronald Koeman, Barça have confirmed their new financial roadmap.

“Today, the parties have reached an agreement in principle that allows a salary adjustment for this season,” the club confirmed on Friday, November 27, in a statement.

“[This is] for an amount of 122 million euros [in] fixed remuneration, in addition to the postponement of three years of variable remuneration this season [onward], budgeted at an approximate figure of 50 million euros.

“This principle of agreement is pending ratification in the coming days by the group of players and coaches affected.

“The agreement, if it is ratified, will be a milestone of great importance in reorienting the current economic situation.

“That both parties recognize the great effort that has had to be made to reach this principle of agreement, [they should] congratulate yourself for it. “

Barcelona have had problems this season. They have won and lost three games, which sees them trapped in 13th position.