The Spanish giants F.C. Barcelona are facing bankruptcy, mainly due the Corona Virus or Chinese virus, that has gone and brought the entire world economically to it's knee's sadly. It has hit he football world badly, and Barcelona is one of the clubs facing very big problems.
Now Barcelona will be having a meeting with their footballers, agents and lawyers and trying to cut he weekly wages by a very huge sum of 170, one hundred and seventy million pounds.
Now according to the byelaws of Barcelona the club can not spend more then 70,seventy percent of the income generated by the club. Now the club has made a los 746, seven hundred and forty six million pounds due to the corona virus. The salary has now reached 80, eighty percent.
Now club, Lawyers and players must come to a agreement for taking a reduction in weekly salaries, by the 5/11/2020 a Thursday.
As the club will have to balance the books and put their budget to the board and A.G.M.
I wonder what small clubs with say 2,000 sitting capacity , like say Eibar could easily collapse.
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