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Barcelona ‘is preparing ANOTHER round of pay cuts’ after announcing huge losses of £ 88 MILLION … but the measure ‘would allow Lionel Messi and company to terminate their contracts and leave for FREE’
- Barcelona announced losses of £ 88 million this week due to the Covid-19 pandemic
- LaLiga giants have already had players cut their salaries to ease their finances
- Reports in Spain suggest they now require the team to take another cut
- If that happened, the players could legally terminate their contract.
Barcelona are reportedly on a collision course with their first-team stars with the LaLiga giants who need players to receive another pay cut to ease their finances amid the coronavirus pandemic.
Players received a 70 percent pay cut in March to ensure non-playing staff received all of their salaries in the pandemic that shut down the sport.
But in a week in which the club announced losses of £ 88 million, Marca reports that the club is seeking another pay cut from players, although it is unclear if that would give the team the power to terminate contracts and walk away for free.
Lionel Messi and company are reportedly facing another pay cut due to the financial damage caused by the coronavirus pandemic, which was already reduced by 70% in March.
The closure of sport and closed-door matches had a significant impact
The report details the club’s plan for a “substantial modification of the collective bargaining agreement.”
If successful, the plan will see gambling and non-gambling staff accepting pay cuts in the weeks and months to come.
One player will act as a representative for Ronald Koeman’s team when negotiating with the board in a meeting about the cuts.
Lionel Messi was instrumental in handling the first round of cuts, but with players, including the Argentine, currently off international duty, it remains difficult for the squad to select who will represent them.
The club president, Josep Maria Bartomeu, needs to hold talks with the squad about cuts
Covid-19 travel restrictions prevented fans from visiting the Camp Nou and club stores
The key question the club must resolve before going ahead with the planned cuts is how another reduction would affect the Spanish Workers’ Statute.
Marca’s report maintains that judicial sources in Spain have indicated that players and employees may have the legal right to terminate their contract if the agreements are modified for economic reasons.
Messi, who submitted a burofax to the club earlier this summer informing the club of his desire to leave and secure a transfer to Manchester City, would no doubt be very interested in the possibility of leaving for nothing.
He was eventually told that he would not be sold unless his £ 630 million buyout clause was fulfilled and, having argued that the clause was invalid, he was left with no choice but to accept another season at Camp Nou.
Ronald Koeman was hampered in the transfer market due to limited funds available
The Barcelona coach wanted Lyon’s Memphis Depay but the club couldn’t finance a deal
Meetings with all players will be needed to ensure, from the club side, that no team member will take the termination route if further pay cuts are proposed and agreed.
Barcelona’s limited operations in the transfer market were due in large part to the financial armageddon the club is fighting for.
Koeman made Lyon striker Memphis Depay a prime target, but Barcelona were unable to finance a deal for the Dutchman on the deadline.
