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Barcelona are considering implementing a unilateral pay cut in their playing squad after negotiations with the first team ended without an agreement.
The details are outlined by the Catalan station RAC1 who say the club is now considering the option due to the severity of the financial situation, even if it risks further upsetting its players.
❗️Des the club, despite the will to exhaust all the avenues, it is NOT ruled out that it finally has to apply the salary cut unilaterally. Tomorrow the management board will meet, with a later appearance by Tusquets.
– Barça plays RAC1 (@ FCBRAC1) November 11, 2020
Interim president Carlos Tusquets is leading the negotiations on behalf of the club after the resignation last month of Josep Maria Bartomeu, who had started the process.
A report follows last week that the club extended the deadline to impose a salary deduction on its team one week after negotiations failed to reach a deal, Catalan news outlet Esport3 reports.
The deadline has been delayed until Monday, November 23, but there is an indication that there is growing pessimism surrounding the process.
The conversations are said to have two main points of friction: Players do not believe that the deduction should be exactly the same for all players and instead believe that it should be tiered, while they also do not understand why team B players of the club will be affected. for the cuts but not for the basketball players.
The report claims there is now a pressing urgency that the Catalan giants must slash costs by January or face bankruptcy, with a new one to cut their wage bill by a remarkable 30 percent.
Thursday was supposed to be the deadline for the club to impose a pay cut, but despite ongoing talks with its players and staff, there is still no deal.
The club recently confirmed contract extensions for defender Gerard Piqué until 2024, while goalkeeper Marc-Andre Ter Stegen signed an agreement until 2025, while Clement Lenglet and Frenkie de Jong have extended their stays until 2026.
These agreements included a temporary salary adjustment, which likely indicates that all four have agreed to reduced wages in the short term, but will be repaid with an improved agreement in the long term.
The club’s accounts show that Barcelona’s debt has more than doubled during the 2019-20 campaign amid extremely worrying financial results.
The club’s financial figures, as described by Marca, show that the debt at the club has increased from € 217 million in June 2019 to € 488 million in June 2020.
While the club’s first-team roster has been reduced this year, with a € 80 million discount on the salary bill, there is still a worrying financial outlook for the club.
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