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FC Barcelona to Lose $110 Million Because of COVID-19 Pandemic - Reports

Sputnik International

MOSCOW (Sputnik) – According to a news outlet, the amount is 10 percent of the club’s budget for the 2019/20 season. 30.03.2020, Sputnik International

2020-03-30T08:53+0000

2022-10-19T18:46+0000

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FC Barcelona to Lose $110 Million Because of COVID-19 Pandemic - Reports

08:53 GMT 30.03.2020 (Updated: 18:46 GMT 19.10.2022)

© REUTERS / Nacho DoceFC Barcelona announce that their round of 16 second leg match versus Napoli will be played behind closed doors - Camp Nou, Barcelona, Spain - March 10, 2020 Chinese student Gao Jia Xin wears a mask as an FC Barcelona Lionel Messi shirt is seen on sale outside the Camp Nou. FC Barcelona announced that their round of 16 second leg match versus Napoli will be played behind closed doors while the number of coronavirus cases grow around the world.

FC Barcelona announce that their round of 16 second leg match versus Napoli will be played behind closed doors - Camp Nou, Barcelona, Spain - March 10, 2020 Chinese student Gao Jia Xin wears a mask as an FC Barcelona Lionel Messi shirt is seen on sale outside the Camp Nou. FC Barcelona announced that their round of 16 second leg match versus Napoli will be played behind closed doors while the number of coronavirus cases grow around the world. - Sputnik International

MOSCOW (Sputnik) – According to a news outlet, the amount is 10 percent of the club’s budget for the 2019/20 season.

Spanish football club FC Barcelona will lose at least 100 million euros ($110.7 million) due to the worldwide coronavirus (COVID-19) crisis, the Spanish sports newspaper Marca reported on Monday.

The newspaper also said that the club wanted 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, that will suspend the players’ labour contracts. The system will be in place in the coming days and will help the club compensate for any financial losses.

The number of coronavirus cases in Spain has reached 80,110, while the worldwide number has hit 724,436. Spain is currently the second most affected nation in Europe and the fourth badly-hit country in the world.