Barcelona could enter bankruptcy if it fails to close a salary cut of 190 million euros within one week, as reported by RAC1. The negotiation for that reduction began this Friday, with a meeting between the club’s lawyers and those of the footballers.
It will be a tug of war against the clock, because before next November 5 that cut must be agreed, which is 30% of the wage bill, Because, according to the aforementioned station, if the agreement is not produced, the club could enter that bankruptcy in January.
The situation of Messi is one of the most worrying, because if he decided not to renew, the club would have to pay a bonus at the end of the contract.
Carles Tusquets, president of the management company that runs the club after the resignation of Josep Maria Bartomeu and his board, already pointed out in his first appearance, on Thursday, how difficult the situation is: “Our main concern is financial. The pandemic is especially affecting Barcelona. The club depends on tourism and now there isn’t; the situation is not comfortable, we have to collect the ideas of the previous meeting to remedy the ills that affect us “.
Barça has seen its box office income dramatically decrease due to the pandemic and everything indicates that the situation will drag on, perhaps until the end of the season. Its shops and museum have also been badly affected and the Champions League prizes have also suffered cuts.
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