FC Barcelona Players Set For €122m Salary Cut

Posted on November 28, 2020

FC 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 January 24.


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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

PROSPER OKOYE  The All Progressives Congress (APC) has declared Senator Tijjani Yahaya Kaura winner... Continue
The GLOWFUX @10 Novelty Charity Football Match, organised as the final activity in the... Continue
BY MICHAEL AKINOLA  The Economic and Financial Crimes Commission, EFCC, has uncovered an illegal... Continue
Zamfara State Governor, Dr. Dauda Lawal described His Eminence, the Sultan of Sokoto, as... Continue
The Oyo State Road Traffic Management Authority (OYRTMA) on Monday flagged off its 2026... Continue
         Widespread youth protests and fiscal crisis in France are placing severe economic and... Continue
  In what is yet another unprecedented show of support for Senator Solomon Adeola... Continue
  At Moonshot 2026, where some of Africa’s brightest minds gathered to exchange ideas,... Continue
  The Co-Chairman of the National Council of Traditional Rulers of Nigeria (NCTRN), Arole... Continue
BY EHI BRAIMAH  Peace is one of those words that everyone celebrates but not... Continue

UBA


Access Bank

Twitter

Sponsored