In the latest move to mitigate the debilitating effects of the Covid-19 pandemic on finances, FC Barcelona have formally initiated a new round of player and staff wage cuts.
Earlier this year, Barca imposed a 70 per cent pay cut throughout the national state of emergency between March and June.
After announcing a record loss of €97 million and a 14 per cent fall in revenue from the previous year, the Catalan club is preparing for far greater financial reductions this season.
Barcelona’s statement said: "the impact of the pandemic this year is much stronger than in the previous one, in which the incidence was limited to the last quarter. The current season will be affected in its entirety, so the negative impact will multiply exponentially.
"The club anticipates a drop in revenue of more than 30% and is therefore compelled to find immediate solutions that will help reduce spending. The club's aim is to reach an agreement with its entire workforce, which will go through a joint solution of temporary, gradual, proportional, and specific salary adjustment for each of the groups.
"All of this will surely help meet this season’s budget and lay the groundwork for the challenges ahead once this global health crisis is over."
New long-term contracts announced on Tuesday for first-team quartet, Marc-Andre ter Stegen, Clement Lenglet, Gerard Pique and Frenkie de Jong included temporary pay cuts brokered into the deals. However, a report last week claimed that many other players oppose the new round of cuts.
The reported wage cut rejection comes amid a vote of no confidence in President Josep Maria Bartomeu.
Author: Charlie Farmer