La Liga President issues warning to Barcelona, ‘reduce wage bill or lose Lionel Messi’

La Liga President issues warning to Barca, 'reduce wage bill or lose Messi'
La Liga President issues warning to Barca, 'reduce wage bill or lose Messi'

La Liga vs Barcelona: La Liga president Javier Tebas has issued a warning to Barcelona that they will have to lose Lionel Messi if they do not reduce their wage bill. The Barcelona striker’s deal ends in nine days and is yet to make a public decision on his future with the Spanish giant.

However, Barcelona president Joan Laporta is optimistic that Messi will sign new terms at Camp Nou but Tebas said the club must ensure they remain within La Liga-imposed salary cap.

Barcelona have exceeded their wage cap,” Tebas said on Monday. “I hope they can keep Messi, but to do so, they will have to make cuts elsewhere,” reported ESPN.

La Liga vs Barcelona: Before the Covid-19 pandemic, the Spanish club had the largest cap in Spain’s top flight in 2019-20 at €671 million.

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However, La Liga’s new limit for the 2020-21 seasons was €382.7m. Barcelona were given some relaxation in terms of reducing salaries, but it meant they were unable to register Memphis Depay despite agreeing on a fee with Lyon last September.

La Liga could technically prevent Barcelona from registering Messi’s new contract if they don’t adhere to the financial regulations.

La Liga vs Barcelona: Messi’s current four-year deal, signed in 2017, was worth over €500m which included his annual wage, signing on fees and bonuses.

The severity of the situation depends on the resources they are capable of generating,” the La Liga chief added. “Barca have to restructure their debt. If they manage that, the situation won’t be serious.

Barcelona took a loan of €525mn from Goldman Sachs to help the club’s financial condition. Laporta said the money will be used to pay outstanding debts such as player salaries, transfer fee instalments and money owed to the tax office.