FC Barcelona new round of salary reductions as COVID-19 keep hiting Finance
INA – Sources: CNN
Spanish football giants FC Barcelona on Wednesday began the process of introducing new salary reductions for players and staff as the COVID-19 pandemic continues to have a crippling effect on the club’s finances.
It comes after Barca had imposed a temporary pay cut of 70% on the playing squad earlier this year to support the club’s non-playing employees during Spain’s State of Emergency.
“The Club's objective is to reach an agreement with the organisation's entire labour force, which takes in a joint solution of temporary, gradual, proportional salary adjustments, specific to each collective,” a statement.
It added that the club is anticipating a drop in revenue of more than 30% for the coming year and is therefore “obliged to find immediate solutions to reduce expenditure.”
The club announced on Tuesday that goalkeeper Marc-Andre ter Stegen, defenders Clement Lenglet and Gerard Pique and midfielder Frenkie de Jong have already agreed to a “temporary salary adjustment” as part of their respective contract extensions.