Barcelona facing bankruptcy if players reject pay cut
According to RAC1, lawyers representing the club and the players have already met. The club needs to cut the wage bill by 190 million euros before Thursday.
Barcelona could be declared bankrupt if they are unable to reduce their wages bill by 190 million euros by the end of next week, RAC1 reports. Negotiations to lower salaries began on Friday with a meeting between lawyers representing the club and the players.
Barça have seen how the pandemic has spectacularly hit their income and the way things are looking, the situation looks like it could continue until the end of the season. Their official club stores and museum have lost business and Champions League prize money has also been reduced.