Search
Close this search box.
Search
Close this search box.

Lionel Messi to Leave Barcelona due to ‘Financial Obstacles’

Lionel Messi

Lionel Messi has declared to leave Barcelona after Barcelona failed to fulfill new contract agreement with the football star.

The announcement came as the La Liga club was unable to meet the terms of a new contract with the player due to “financial and structural obstacles”.

The six-time Ballon d’Or winner officially became a free agent on July 1. His previous deal with Barcelona expired on June 30. However, the 34-year-old was expected to sign a new five-year contract with the Catalans, which would mean a 50% pay cut.

Messi spent his full career with FC Barcelona. He came through the club’s academy and has scored 672 goals in 778 matches since his debut as an adult in 2003.

A Barcelona club statement said: “Despite FC Barcelona and Lionel Messi having reached an agreement and the clear intention of both parties to sign a new contract today, this cannot happen because of financial and structural obstacles (Spanish Liga regulations),” the Sky Sports reports.

“As a result of this situation, Messi shall not be staying on at FC Barcelona. Both parties deeply regret that the wishes of the player and the club will ultimately not be fulfilled,” it said.

It added: “FC Barcelona wholeheartedly expresses its gratitude to the player for his contribution to the aggrandisement of the club and wishes him all the very best for the future in his personal and professional life.”

Barcelona are struggling to reduce their wage bill for next season in line with La Liga’s financial fair play rules. They are in discussions with vice-captains Gerard Piqué, Sergio Busquets and Sergi Roberto to cut their salaries by 40% in exchange for contract extensions.

They have also tried to sell several high-profile players, including Antoine Griezmann, Ousmane Dembele, Philippe Coutinho, Samuel Umtiti and Martin Braithwaite, but have yet to find a solution for any of them.

The salary in La Liga is calculated proactively based on the club’s financial situation and must be respected by the club to avoid future financial penalties. The costs associated with the Covid-19 pandemic have significantly reduced Barça’s budget for the 2021-22 season.

A €2.7 billion investment in La Liga by private equity firm CVC was supposed to help Barcelona overcome its difficulties, but the cash injection has not been enough to keep Messi at the club.

Barça will play their first La Liga game against Real Sociedad in 12 days’ time and Ronald Koeman will remain in charge at Camp Nou after a disappointing first season.

You can read more articles about Lionel Messi from Sports DeskAfter Cristiano Ronaldo snub, Coca-Cola lost $4 billion, Mikey Williams Net Worth, Career, Biography, Height and Wiki in 2021AC Propulsion Tzero: The Car that Elon Musk Opened His Eyes, Top Four Lucrative Careers in Sports, Road or Gravel Bike: Which Bike to Buy and Why?

 

 

 


Subscribe to Our Newsletter

Related Articles

Top Trending

po box 789 south windsor ct
P.O. Box 789 South Windsor CT: Everything You Need To Know
wwe elimination chambers in history
Complete List of All WWE Elimination Chambers in History
20 Reasons to Visit Venezuela at least Once in Your Life
20 Reasons to Visit Venezuela at Least Once in Your Life
Everton Points Deduction Reduced Appeal Outcome
Everton's Points Deduction Cut to 6 After Successful Appeal
Carbon Dioxide Fire Extinguishers
Carbon Dioxide Fire Extinguishers - The Eco-Friendly Solution for Fire Suppressio

LIFESTYLE

Egyptian Cotton Sheets for Your Bed
A Beginner's Guide to Choosing the Perfect Egyptian Cotton Sheets for Your Bed
Long Lehenga Choli
Elegance Redefined: Navigating the Diverse World of Long Lehenga Choli Designs
valentines day outfits
Top 20 Trendy Valentine's Day Outfits in 2024 For Every Occasion
eldritch foundry
Unleash Your Imagination With Eldritch Foundry Custom Miniatures
jayda wayda braids
How Long Do Jayda Wayda Braids Last [Durability and Maintenance Tips]

Entertainment

Taylor Swift Father Photographer Assault Accusation
Scott Swift, Taylor Swift's Dad, Faces Accusations From Photographer
female naruto characters
50 Most Iconic Female Naruto Characters [Ranked]
11 most paused movie scene
11 Most Paused Movie Scenes in Hollywood History
yugenanime
What Happened to Yugenanime: The Reason for Sudden Disappearance
Goth Cartoon Characters
The Evolution of Goth Cartoon Characters in Popular Culture [20 Iconic Characters]

GAMING

Crypto Gambling Innovations
Innovations in Crypto Gambling: Shaping the Future of Online Betting
User Experience Design in Online Casinos
The Role of User Experience Design in Online Casino Platforms
New Online Service for Fans of Sports Betting and Casino Games
A New Online Service for Fans of Sports Betting and Casino Games
Are Online Gaming Bonuses Worth Pursuing
Are Online Gaming Bonuses Worth Pursuing These Days?
why does turles look like goku
Why Does Turles Look Like Goku: The Saiyan Secret Explained

BUSINESS

Work Life Balance Europe vs America Comparison
Europe vs America: Decoding Work-Life Balance Differences
Romania 28th Place EMEA Private Companies Ranking
Romania Rises to 28th in Top EMEA Destinations for Private Firms - PwC
Employee Advocacy
The Role of Employee Advocacy in Enhancing Your Online Reputation
Top 10 World's Wealthiest Men
Top 10 World's Wealthiest Men: 2024 Rankings Revealed
Complexities of Pricing Algorithms
Navigating the Complexities of Pricing Algorithms

TECHNOLOGY

Google Gemini Conversations Stored Years Default
Google's Gemini Set for Relaunch Post-Racial Controversy: Coming Soon!
Lenovo Transparent Laptop Future Computing
Lenovo's Transparent Laptop: A Glimpse into the Future of Computing
Google Apologizes for AI's Shocking Replies
Google Apologizes for AI's Shocking Replies on Controversial Figures
How to Encrypt Your Gmail Messages
Is Gmail Closing in August? Google Clears the Air
Software Development Career Success Tips
Tips For Succeeding In Your New Career As a Software Developer

HEALTH

Norovirus Cases Surge US Northeast CDC Report
US Norovirus Surge: CDC Highlights Spike in Northeast Cases
Top Healthiest and Unhealthiest Countries
Top Healthiest and Unhealthiest Countries Globally - 2024 Rankings
Best Way to Prevent Gum Disease
What is the Best Way to Prevent Gum Disease?
Norovirus Outbreak Northeast CDC Data
Norovirus Outbreak Hits Northeast: Latest CDC Data Reveals Spread
Brain Stimulation RTMS vs DTMS
Decoding Brain Stimulation Therapies: RTMS vs DTMS Explained