Barcelona players have agreed to pay cuts worth €122m as the club looks to recover financially from the coronavirus pandemic.
The Spanish giants currently have the highest wage bill in world football but Lionel Messi and his team-mates have agreed to reduce their salaries for the rest of the 2020-21 season.
As well as the initial hefty saving, the club have also deferred €50m of variable payments over a three-year period.
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A club statement read: “This agreement in principle is subject to ratification in the coming days by the group of players and coaches affected.
“In the event that the agreement is ratified, it will represent a highly significant step in the attempts to rectify the current financial situation.
“Both parties recognise the considerable effort involved in reaching this agreement in principle and congratulate themselves on it.”
