In addition, Barcelona “will not be able to lower his pay burden to sustainable levels, before the contracts of a number of veteran players expire,” according to the club’s deputy financial director Edward Romeo, on Thursday.
Romeo cautioned that “it would probably take two seasons before Barcelona can modify the salary of its players within acceptable boundaries” as he unveiled the spending plan for this year.
Crises characteristics
During the tenure of previous club president Josep Bartomeu, Barcelona’s pay ballooned to become the highest in football. In addition to the Corona pandemic’s negative economic effects, the club is deeply in debt due to its enormous salary bill. Juan Laporta, the president in office at the time, is still looking for answers to the complex issue.
“What disturbs us is how much money we spend on player pay.
When questioned if he was talking to Pique, Busquets, and Alba, Romeo replied that there are some contracts that are highly expensive but would end this season or next.
Busquets’ contract expires at the conclusion of the current campaign, although Pique and Alba’s deals last through the summer of 2024.
With the departure of superstars Lionel Messi, Luis Suarez, Antoine Griezmann, and Philippe Coutinho in recent seasons, the club eliminated enormous payments.
However, new contracts, like as those with Robert Lewandowski, Jules Conde, and Rafinha, increased spending this summer rather than easing the payroll burden.
The combined pay for Barcelona’s players jumped from 518 million euros to 656 million euros this season.
Romeo claims that the club wants to minimise the cost of player salaries to 500 million euros, including 420 million for the first squad and 80 million for younger age groups.
The financial crisis in Barcelona and its “painful” solutions, in numbers
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