Barcelona interim president Carles Tusquets wants elections to take place before the end of the year to help club combat projected £270m shortfall
- Barcelona in negotiations with staff and players to negate £270million shortfall
- Discussions regarding salary negotiations are due to end on the 5th November
- Elections are more difficult to hold this year because of coronavirus restrictions
- The club are calling on players to make ‘long-term sacrifices’ regarding salaries
Barcelona’s interim president Carles Tusquets wants elections to take place before the end of the year as he tries to put the club’s finances in order as quickly as possible.
The club needs to cover a projected £270m shortfall in income and is currently in a period of negotiations with players and other staff that is due to come to an end on Friday.
‘The most immediate measure is the salary negotiation that ends on November 5,’ Tusquets was quoted in El Periodico.
Carles Tusquets has warned of a potentially dire financial situation unfolding at the Nou Camp
‘We hope to close an agreement with the players and the non-sports staff of the club. I hope that all the staff are up to the task.
‘The economic situation of the club is very complex.’
The elections are more difficult to hold this year because of restrictions around the coronavirus and will only take place when regional authorities give the go-ahead.
Voting electronically seems to have been ruled out but a mail vote could happen.
Barcelona continue to be linked with Manchester City’s Spanish defender Eric Garcia (right)
Current income at the Catalan club is projected at £746m (€828m) – a drop of £231m – meaning players are now being called upon to make long-term sacrifices.
Player wages take up around 61 per cent of the club’s £940m (€1,047m) income before the coronavirus pandemic took hold. But since income has dropped to £746m, salaries become over 80 per cent of total income if changes are not made.
The club continues to be linked with a January bid for Eric Garcia of Manchester City but Catalan radio RAC1 rang alarm bells last week when it spoke about the possibility of the club going into administration if players did not accept the inevitable readjustments of their salary payments.
Share this article
Source: Read Full Article