Messi and his teammates are making it difficult for Barca’s leadership on the negotiating table to reduce the salary to solve the financial difficulties of the club.
Messi and his teammates have yet to reach an agreement with Barca’s interim leadership on salary cuts. The source of La Vanguardia newspaper said, the latest meeting between the representatives of the two sides took place on Wednesday this week but has not come to a mutual agreement.
Barca’s leadership suggested players reduce about 30% of their salary this season, equivalent to about 190 million euros. Meanwhile, the players want to agree with the new leadership of the club, not the temporary bureaucracy that only handles simple administrative procedures.
This negotiation has been going on for more than 2 months but has yet to find a common voice. The two sides will meet again next Monday (November 23) to completely resolve this issue.
If it is not possible to reach an agreement with the players, Barca’s interim leadership may have to unilaterally decide to reduce salary. But this also means that they will face a class action lawsuit from the players.
Earlier this year, Messi and his teammates accepted a 70% salary reduction to help the club overcome financial difficulties when the COVID-19 outbreak broke out. But because the epidemic has not been extinguished, Barca’s income this season has been severely damaged.
Financial experts predict that the COVID-19 translation will make Barca lose about 300 million euros in the 2020/21 season. Therefore, the club needs to cut about 190 million euros in player salaries to avoid bankruptcy.
Barca are trying to reach personal agreements with some key players such as Ter Stegen, Pique, De Jong and most importantly, Messi, the highest paid player in the team.
On the other hand, Barca is also expected to reap about 200 million euros from the sale of a 50% stake in Barca Corporate which owns Barca Studios, Barca Licensing & Merchandising, Barca Innovation Hub and Barca Academies.
Before that, Barca had to sell a series of old players with high salaries such as Luis Suarez, Ivan Rakitic or Arturo Vidal.
Spanish financial experts forecast that if Barca can not persuade the players to reduce their salary, the club may have to declare bankruptcy early next year.