LaLiga: Barcelona players set for 122 million euros salary cut to offset financial blow caused by COVID-19
The reduction in their wage bill represents a welcome financial lifeline for Barca, hit hard by the loss of gate receipts at the Camp Nou and other effects of Covid-19 prevention measures.
Barcelona: Barcelona were close to securing an agreement on Friday for a 122 million euros ($145 million) cut in players' salaries this season to help offset the financial hole left by the coronavirus pandemic.
The deal, announced in a statement by the club, must now be ratified by the players "in the coming days".
The reduction in their wage bill represents a welcome financial lifeline for Barca, hit hard by the loss of gate receipts at the Camp Nou and other effects of COVID-19 prevention measures.
Barca's acting president Carles Tusquets has described the financial situation as "not dramatic, but very worrying".
Tusquets assumed temporary control following Josep Maria Bartomeu's resignation last month.
Restoring Barca's finances will be one of the items on the top of the new president's in-tray with the election for Bartomeu's successor to be held on 24 January.
A new candidate entered the race for the job on Friday in Joan Laporta, who occupied the position between 2003 and 2010 and led the club to 12 major titles.
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Deloitte's latest Football Money League report shows that revenues of the top 20 clubs analysed fell by 1.1 million euros in the 2019/20 season due to closed stadiums and television rebates.
The positive test comes a day before Madrid travel to Alaves in LaLiga seeking to bounce back from an embarrassing midweek Copa del Rey exit.
Breakaway European League 'will not be recognised,' players could be banned from World Cup, says FIFA
"Any club or player involved in such a competition would as a consequence not be allowed to participate in any competition organised by FIFA or their respective confederation," said Thursday's statement, signed by FIFA president Gianni Infantino along with the heads of all six continental confederations including UEFA.