They also managed to raise funds and cut wage costs by selling a number of players, including Emerson Royal, Junior Firpo, Jean-Clair Todibo and Carles Alena.Īntoine Griezmann was sent back to Atletico Madrid on loan with an obligatory purchase option, while Miralem Pjanic was loaned to Besiktas. Messi’s departure, while disastrous from a sporting perspective, relieved the club of an enormous financial burden they couldn’t afford. “The objective is to put the club in the best situation in the coming two years, and we are convinced of reversing the situation we find ourselves in.” To date, we have already saved €159m from the club’s wage bill. "We were 40% above our competitors and that was a completely unsustainable situation. “The salary bill is fundamental," Romeu said. But the supressed revenue had a knock-on effect in terms of lowering what La Liga regulations determined Barça were allowed to spend on wages this season.Ī new contract was agreed with Lionel Messi ahead of this season but the massively reduced salary cap meant there was no way he could be registered to play, with Spanish law also preventing the club icon from being paid any less than 50% of his previous wage.īarça were also initially unable to register Memphis Depay, Sergio Aguero and Eric Garcia when they arrived during the summer until other cuts had been made. Two rounds of wage cuts had already been agreed with players in 2020 to combat the immediate financial impact of the pandemic. Argen Billing Systems downloads submeter read files for billing and conservation purposes.Barcelona’s vice president of finance Eduard Romeu has revealed that the club has managed to cut a staggering €159m from the wage bill over the last few months.Īfter the previous regime, led by Josep Maria Bartomeu, had overseen the growth of a colossal and bloated wage bill of unsustainable proportion, Barça were forced to take drastic action once the coronavirus pandemic then contributed to rapidly falling revenues.Ī report commissioned by the current board upon taking over last year alarmingly concluded that the club was in a state of ‘technical bankruptcy’, making further drastic cuts unavoidable.
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