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FC Barcelona to lose 110 million dollar because of COVID-19 pandemic: Reports

Image Credit: FC Barcelona Twitter

FC Barcelona to lose 110 million dollar because of COVID-19 pandemic: Reports

India Blooms News Service | @indiablooms | 30 Mar 2020, 03:31 pm

Barcelona/Sputnik/UNI: Spanish football club FC Barcelona will lose at least 100 million euros (110.7 million dollar) due to the worldwide Coronavirus (COVID-19) crisis, the Spanish Marca sport newspaper reported on Monday.

According to the news outlet, the amount is 10 percent of the club’s budget for the 2019/20 season.

The newspaper also said that the club wanted the players to cut their salaries by 70 percent until June 30 as a way of saving around 106 million euros.

The club’s board of directors is currently working to invoke the ERTE, or temporary employment measures, which will suspend the players’ labor contracts. The system will be in place in the coming days and will help the club compensate any financial losses. 

 

Image Credit: FC Barcelona Twitter

FC Barcelona to lose 110 million dollar because of COVID-19 pandemic: Reports

India Blooms News Service
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