SPANISH "BARCELONA" CLUB IS ON THE VERGE OF BANKRUPTCY

The question of whether or not Barcelona Football Club will go bankrupt depends on resolving of the players’ salaries payment problem. Sports commentators came to such a conclusion, describing the negotiations between the club's management and the players. Reducing wages by 30% is a necessary condition, which must be achieved by November 5. Otherwise, the legendary Barcelona team will start the New Year with declaring bankruptcy

The football club announced losses in the amount of € 97 million in early October. Now, according to the Spanish sources, the team will have to cut the salary fund by € 190 million. The reason for such a dire financial situation of the club is the pandemic, which disrupted the usual rhythm of life and the program of sports events planned at the beginning of the year.

One of the most difficult issues of the upcoming negotiations, which began last Friday, was Lionel Messi's salary.

Earlier, he initiated negotiations between the Barcelona leadership and the team. Given that the Argentine's income is the highest in the club, the refusal to renew the contract with Messi will put the football club in a situation of paying compensation, which will ultimately ruin Barcelona.

The conflict situation that developed in the club has already led to the resignation of the president of Barcelona. Josep Maria Bartomeu announced that he is leaving the post on October 27. The reason for his resignation was the threats received by him, his colleagues and family members.

According to the fans that took part in the protests at the club's office, it was Bartomeu's behavior that prompted Messi to leave the team.

Although the footballer hinted that he was thinking about reuniting with Pep Guardiola (Manchester City club), he ended up extending his contract for another season. This became known in early September.

Carles Tusquets, the acting president of Barcelona, ​​hopes for a positive solution to the issue of cuts in the players' salaries, although he notes that the situation is rather serious. The club has previously applied with a request to compensate part of the financial costs for paying salaries to employees from the state funds in connection with the pandemic. Now, much depends on how Messi and his team will act.