Barca Players Set For 122 Million Euros Salary Cut
Zeeshan Mehtab Published November 28, 2020 | 08:30 AM
Barcelona, (APP - UrduPoint / Pakistan Point News - 28th Nov, 2020 ) :Barcelona were close to securing an agreement on Friday for a 122 million Euros ($145 million) cut in players' salaries this season to help offset the financial hole left by the coronavirus pandemic.
The deal, announced in a statement by the club, must now be ratified by the players "in the coming days".
The reduction in their wage bill represents a welcome financial lifeline for Barca, hit hard by the loss of gate receipts at the Camp Nou and other effects of Covid-19 prevention measures.
Barca's acting president Carles Tusquets has described the financial situation as "not dramatic, but very worrying".
Tusquets assumed temporary control following Josep Maria Bartomeu's resignation last month.
Restoring Barca's finances will be one of the items on the top of the new president's in-tray with the election for Bartomeu's successor to be held on January 24.
A new candidate entered the race for the job on Friday in Joan Laporta, who occupied the position between 2003 and 2010 and led the club to 12 major titles.
Recent Stories
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
More Stories From Sports
-
Selection committee dissolved over Pakistan women cricket team's poor performance
18 minutes ago -
Paris holds its breath for Olympic swimming events in murky Seine
2 hours ago -
Austrian ski great Hirscher to make comeback under Dutch flag
12 hours ago -
Tennis: ATP/WTA Madrid Open results - 1st update
12 hours ago -
Osaka seals first win on clay since 2022 in Madrid
12 hours ago -
Watford hire Cleverley as permanent boss
13 hours ago
-
Karachi, Lahore, Multan win matches of National Women’s Cricket Tournament
13 hours ago -
No communication gap among players, asserts Babar Azam
13 hours ago -
Bracewell looks ahead to Champions Trophy 2025 in Pakistan
13 hours ago -
Bolt named ICC Men’s T20 WC 2024 ambassador
14 hours ago -
Kewell's Yokohama beat Ulsan to reach Asian Champions League final
15 hours ago -
Tennis: ATP/WTA Madrid Open results
16 hours ago