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BARCELONA, SPAIN – MARCH 07: Lionel Messi of FC Barcelona celebrates after scoring his team’s first goal during the La Liga match between FC Barcelona and Real Sociedad at Camp Nou on March 07, 2020 in Barcelona, Spain. (Photo by Alex Caparros / Getty Images)
Barcelona has reached an agreement with representatives of its players and coaching staff to temporarily cut salaries and postpone bonuses due to the economic impact of the Covid-19 pandemic, the club said on Friday.
The La Liga club said it expected to save around 172 million euros ($ 205.61 million), with 122 million euros from reductions to fixed salaries this season and another 50 million euros by postponing bonuses for three years.
“This principle of agreement is pending ratification in the coming days by the group of players and coaching staff affected,” the club said in a statement on its website.
“The agreement, if ratified, will represent a milestone of great importance in reorienting the current economic situation.
“That both parties recognize the great effort that has had to be made to reach this principle of agreement and congratulate themselves for it.”
Last month Barça posted a record loss of 97 million euros after tax for the 2019/20 fiscal year and a 14% drop in revenue, and said the club was prepared for a bigger drop this season.
Barcelona imposed a temporary 70% pay cut earlier this year that lasted for the duration of the state of national alarm, which began in March and ended in June.
