Barcelona’s financial crisis has taken another turn for the worse after four high-profile stars refused to take a pay cut, according to reports. Barca officials are working against a ticking clock to reduce the club’s expenditure ahead of the 2021/22 season and it seems as though they may have run into a serious problem.
The Catalan giants began the summer positively by announcing the signings of Manchester City duo Sergio Aguero and Eric Garcia and Lyon forward Memphis Depay.
Ronald Koeman missed out on the signing of Gini Wijnaldum, who joined Paris Saint-Germain from Liverpool, but things still seemed very promising.
With a fresh five-year deal reportedly agreed with Lionel Messi, Barcelona appeared to be making steady progress in rebuilding their squad for the upcoming campaign.
However, their financial realities soon hit home, with Barca unable to officially register Aguero, Garcia, Depay, returning loanee Emerson Royal, or Messi.
The Spanish giants reportedly have a whopping £1,003million (€1,173m) of debt and owe around £276m (€323m) in transfer fees and player amortisation payments.
Laporta has returned from a trip to Israel on Wednesday and is set to hold crunch talks with the quartet and their agents as soon as possible.
According to ESPN, Messi has already agreed to a 50 per cent wage reduction, but considering he earned around £425m (€500m) over the previous four years, his renewal will still cost Barca huge sums of money.
La Liga president Javier Tebas has made it clear Barcelona will not be allowed to compete next season if they don’t comply with the league’s wage cap.
Their yearly spending has already been reduced from £510m (€600m) to £295m (€347m) during the coronavirus pandemic, but reports have suggested it could drop as low as £138m for the upcoming campaign.
That means every penny counts for Barca and the stubbornness of Alba, Piqué, Roberto and Busquets could jeopardize the club’s future.
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