Lionel Messi accepts huge Barcelona wage cut to agree new contract and end Man City links

0
Loading...

Lionel Messi has ended speculation about his future by agreeing to a new contract with Barcelona, according to reports. Messi has been a free agent since the start of July, but is now expected to sign a new five-year deal with Barca, having accepted the need to take a significant wage reduction.

Barcelona are in a difficult situation financially, with the coronavirus pandemic exacerbating things following a period of overspending.

The Spanish giants have a whopping £1,003million (€1,173m) of debt in total and currently owe £276m (€323m) in transfer fees.

Loading...

The situation is so dire that Barca president Joan Laporta has been unable to register new signings Sergio Aguero, Memphis Depay and Eric Garcia and returning loanee Emerson Royal, as well as Messi.

It has previously been reported that Laporta needs to get £171m (€200m) off the club’s wage bill this summer just to continue functioning.

A new contract for Messi has therefore been a difficult thing to work out, especially considering the 34-year-old pulled in around £425m (€500m) from Barca over the previous four years.

Loading...

JUST IN: Liverpool ‘prefer Sanches to Bissouma’ as Arsenal given transfer run

Things have been further complicated by Messi’s participation in the Copa America, but now that has concluded – with an Argentina win over Brazil in the final – progress has been made.

According to ESPN, Messi has agreed to take a wage cut in return for the stability of a five-year deal, which will keep him at the club until the age of 39.

Loading...

The report states that an official announcement is expected in ‘the coming days’, even though Messi is currently on holiday and not expected to return until later in the summer before Barca’s campaign begins against Real Sociedad on August 15.

The news puts an end to speculation that he could join Paris Saint-Germain or Manchester City this summer.

Messi spoke openly of his desire to end his 20-year association with Barcelona last summer and was free to speak to other clubs from January, when he entered the final six months of his contract.

Loading...

DON’T MISS
Joe Willock ‘tells Arsenal he wants Newcastle return’
Skriniar’s stance on joining Tottenham as Paratici pushes for transfer
Chelsea ‘willing to pay £85m for Chiesa’ as Blues request Juve talks

A link-up with former Barca manager Pep Guardiola had been mooted, while PSG are one of the only other clubs capable of affording his wages.

David Beckham’s new MLS franchise, Inter Miami, have spoken of their desire to lure Messi to Florida, but it now seems the Argentine superstar will finish his playing career in Catalonia.

While Barcelona have already released Matheus Fernandes and offloaded Junior Firpo (Leeds), Francisco Trincao (Wolves), Konrad De La Fuente (Marseille) and Jean Claire-Todibo (Nice), further work is understood to be necessary.

Loading...

La Liga president Javier Tebas has drawn a line in the sand, and despite Barca’s spending limit being reduced from over £510 (€600m) to £295 (€347m) during the coronavirus pandemic, more reductions are needed.

Barca are open to selling Ousmane Dembele, Philippe Coutinho and Antoine Griezmann this summer, but finding buyers could prove difficult.

Do you want an exclusive pre-season preview for YOUR club – both in your inbox and through your letterbox? Head over here to find out more and secure your copy.

Loading...

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

Loading...

For all the latest Sports News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Loading...
Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More