The world's richest club struggling to meet ends
The world's richest club struggling to meet ends
The world's richest club struggling to meet ends
EPL English Premier LeagueThe world's richest club struggling to meet ends

The world’s richest club struggling to meet ends

Barca is the world’s top sports brand, “Josep Maria Bartomeu, President of Barcelona, proudly told a group of distinguished Catalan politicians and businessmen on 12 February. “We had tough moments. But this year our sales will go beyond the 1 billion euro level. Anybody has done a great job.

Six weeks later, on March 26, the world’s richest sporting institution humbly applied for the use of a Spanish government scheme to enforce emergency pay-cuts and lay-offs, after all, sporting and business activities ceased because of the coronavirus pandemic.

Barcelona was reportedly struggling with its players’ high salaries during the pandemic COVID-19. Currently, the players’ wages represent 63 percent of the club’s €1,047 billion (£935 m) budget, costing Catalan giants €630 m (£563 m) per year.

The world's richest club struggling to meet ends
fcbarcelona.com

According to Marca, however, the Spanish champions are projected to lose about € 200 m ( £ 178.7 m) due to the coronavirus crisis, which means that salaries would now represent a higher percentage of the club ‘s profits. Barca will now have to slash expenses further within their squad, with the first-team players already agreeing to a 70 percent drop in their salaries.

Offloading players will also be a challenge for this summer’s Catalan club, with other teams unable to afford the players’ high wages, including Samuel Umtiti, Philippe Coutinho, and Ivan Rakitic.

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