Barcelona fail to reach agreement with players over pay cut despite BANKRUPTCY

No agreement was reached between Barcelona and their players for a salary reduction in the wake of the coronavirus pandemic and an unwanted BANKRUPTCY proceeding.

The club is seeking to reduce their wage bill during the time of a “serious financial problem” in wake of the coronavirus pandemic.

Barça say covid-19 has caused a reduction in revenues of more than €300million for the 2020-21 season, with the club requiring a salary adjustment of €191m amongst it’s players.

But talks between Barça and representatives of the players – and a group of corporate workers – ended on Wednesday without an agreement.

“Today, November 11, after several days of intense meetings, and the negotiation was exhausted, the parties have ended the consultation period without reaching an agreement,” part of a statement from the club read.

The statement said parties had given themselves a deadline of November 23 to consider whether a deal can be struck.

Reports have suggested Barça want to cut the wages of their top earners, including , by 30 per cent.

Barça are believed to have one of the highest wage bills in Europe, and the likes of Luis Suárez, Ivan Rakitic and Arturo Vidal left the club in the close season.

Ronald Koeman’s side are eighth in , nine points adrift of leaders Real Sociedad but having played two fewer games and will visit the Wanda Metropolitano next after the end of the international break.

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