Barcelona fail to reach agreement with players over $308M salary reduction

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Barcelona have failed to reach an agreement with players over a salary reduction.

The LaLiga giants are seeking to reduce their wage bill amid a "serious financial problem" due to the coronavirus pandemic.

Barca say COVID-19 has caused a reduction in revenues of more than €300million ($485M AUD) for the 2020-21 season, with the club requiring a salary adjustment of €191m ($308M AUD).

But talks between Barca and representatives of the players – and a group of corporate workers – ended on Wednesday without an agreement.

"Today, November 11, after several days of intense meetings, and the negotiation was exhausted, the parties have ended the consultation period without reaching an agreement," part of a statement from the club read.

The statement said parties had given themselves a deadline of November 23 to consider whether a deal can be struck.

Reports have suggested Barca want to cut the wages of their top earners, including Lionel Messi, by 30 per cent.

Barca are believed to have one of the highest wage bills in Europe, and the likes of Luis Suarez, Ivan Rakitic and Arturo Vidal left the club in the close season.

Ronald Koeman's side are eighth in LaLiga, nine points adrift of leaders Real Sociedad but having played two fewer games.

Source Omnisport