Barcelona Reach Agreement With Players to Slash Wages by €122m

Nov 28, 2020, 11:45 AM GMT+5:30
Lionel Messi, Antoine Griezmann
Barcelona's players took a 70% cut during the height of the coronavirus pandemic earlier in the year | Quality Sport Images/Getty Images

Barcelona have reached an agreement with their players to cut salaries by €122million over the next three years as the club looks to recover from the financial impact of the coronavirus.

The LaLiga giants currently have the highest wage bill in world football, but the club has confirmed it has reached an agreement with representatives of their players to temporarily cut salaries and postpone bonuses.

"This principle of agreement is pending ratification in the coming days by the group of players and technical staff affected," the club said in a statement on their website.

"The agreement, if it is ratified, will represent a milestone of great importance in redirecting the current economic situation. That both parties recognise the great effort that has had to be made to reach this principle of agreement and congratulate themselves for it."

Earlier in March, Lionel Messi and his teammates agreed to take a 70 percent wage cut at the height of the coronavirus pandemic in Europe, and made additional contributions to ensure non-sporting staff received full wages.

Ronald Koeman's side have had a difficult start this season, and are currently 13th on the LaLiga table, with just 11 points from eight games.