• The empty entrance to Barcelona's Camp Nou stadium. AFP
    The empty entrance to Barcelona's Camp Nou stadium. AFP
  • A woman in a face mask walks past Barcelona's Camp Nou stadium. EPA
    A woman in a face mask walks past Barcelona's Camp Nou stadium. EPA
  • View of the Camp Nou stadium in Barcelona. EPA
    View of the Camp Nou stadium in Barcelona. EPA
  • Barcelona's Camp Nou stadium. Bloomberg
    Barcelona's Camp Nou stadium. Bloomberg
  • Pedestrians pass Barcelona's Camp Nou stadium. Bloomberg
    Pedestrians pass Barcelona's Camp Nou stadium. Bloomberg
  • The Camp Nou stadium, home to FC Barcelona. Bloomberg
    The Camp Nou stadium, home to FC Barcelona. Bloomberg
  • Empty seats and a trophy sit inside the Camp Nou stadium. Bloomberg
    Empty seats and a trophy sit inside the Camp Nou stadium. Bloomberg
  • A visitor on the Barcelona FC tour takes a selfie inside the Camp Nou stadium before the coronavirus gripped Spain. Reuters
    A visitor on the Barcelona FC tour takes a selfie inside the Camp Nou stadium before the coronavirus gripped Spain. Reuters
  • A visitor on the Barcelona FC tour inside the Camp Nou stadium before the coronavirus gripped Spain. Reuters
    A visitor on the Barcelona FC tour inside the Camp Nou stadium before the coronavirus gripped Spain. Reuters
  • A visitor on the Barcelona FC tour inside the Camp Nou stadium before the coronavirus gripped Spain. Reuters
    A visitor on the Barcelona FC tour inside the Camp Nou stadium before the coronavirus gripped Spain. Reuters

From Barcelona to Bayern Munich, Europe's richest clubs propose salary cuts to balance precarious finances


Ian Hawkey
  • English
  • Arabic

The gates are barred, the campus all but empty around Camp Nou. It is not something Barcelona Football Club are used to. Match nights can draw 90,000, but it is the days in between that those in charge of the club’s treasury value almost as much. More than a million and a half visitors come every year to the Barca museum, immediately opposite the stadium.

Football is in hibernation, for an unspecified period, and so are the industries that feed off it. Spain's state of emergency in the face of coronavirus, with the country rapidly becoming the focus of the pandemic, means every expedition out of the house needs a specific justification. Tourism is all but extinguished.

Museums are no-go zones. The one that celebrates Barcelona FC, with its slick virtual reality experiences alongside a carefully curated reverence for the club’s storied past, has had no takers for two weeks. That dents the club’s finances as badly as the fact nobody is buying tickets to watch Lionel Messi and company.

There’s more. Far fewer parents than usual have been committing their sons and daughters to Barcelona’s popular and lucrative training schools, a big business for a club that cultivates, from first team to academy, the idea that Barca have a uniquely elegant and winning way of teaching the game. Merchandise sales are dropping, too, with retail outlets closed, shoppers prioritising necessities not luxury items.

All of which led Barcelona, who at the beginning of this year were placed at the top of Deloitte's global ranking of football clubs on the basis of revenue - US$864m (Dh3.17 billion) in 2018-19 according to Deloitte - to last week propose a radical short-, perhaps medium-term, salary cut to their most valuable employees: the players.

While football was in lockdown, they suggested, wages should be paid at only 30 per cent of the normal rate. The Barca players were on Thursday still contemplating their response.

Barcelona, for all the precarious balance they maintain between vast borrowings and outgoings and a highly-developed web of income streams, are the lucky ones. Many sporting institutions and hundreds of thousands of people whose living depends on sport will be left without a clear working future at all as a result of the Covid-19 crisis.

At the top and at the foot of the football pyramid, a new economic reality is ahead, signposted more and more boldly as the dates in the calendar around financial planning is hooked fall away: not only the fixtures that bring in broadcast riches and full corporate boxes, but the big buying and selling.

The summer transfer window cannot open as usual in July when the likelihood - or at least the optimistic forecast - is that domestic leagues might be playing out their postponed fixtures into that month and possibly beyond.

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Footballers and clubs pledge aid to fight coronavirus

  • Barcelona superstar Lionel Messi has donated one million euros to help in the fight against the coronavirus pandemic. Reuters
    Barcelona superstar Lionel Messi has donated one million euros to help in the fight against the coronavirus pandemic. Reuters
  • Manchester City manager Pep Guardiola has donated one million euros to the Barcelona Medical College. PA
    Manchester City manager Pep Guardiola has donated one million euros to the Barcelona Medical College. PA
  • Juventus superstar Cristiano Ronaldo donated €1m to three intensive care units in Portugal. Getty Images
    Juventus superstar Cristiano Ronaldo donated €1m to three intensive care units in Portugal. Getty Images
  • Football superagent Jorge Mendes donated €1m to three intensive care units in Portugal. AFP
    Football superagent Jorge Mendes donated €1m to three intensive care units in Portugal. AFP
  • Bayern Munich striker Robert Lewandowski and his wife Anna, have pledged €1m. Reuters
    Bayern Munich striker Robert Lewandowski and his wife Anna, have pledged €1m. Reuters
  • Liverpool players had grouped together to give £40,000 to a foodbank in the city. Getty Images
    Liverpool players had grouped together to give £40,000 to a foodbank in the city. Getty Images
  • Manchester City and Manchester United have joined forces to donate £100,000 to local food banks.
    Manchester City and Manchester United have joined forces to donate £100,000 to local food banks.
  • Liverpool defender Andrew Robertson has donated to a Glaswegian food bank. AFP
    Liverpool defender Andrew Robertson has donated to a Glaswegian food bank. AFP
  • Manchester United striker Marcus Rashford made what has been called the biggest donation of the year to Fareshare. EPA
    Manchester United striker Marcus Rashford made what has been called the biggest donation of the year to Fareshare. EPA
  • Liverpool forward Sadio Mane donated $50,000 to Senegal’s national committee for fighting coronavirus. AFP
    Liverpool forward Sadio Mane donated $50,000 to Senegal’s national committee for fighting coronavirus. AFP
  • Wilfried Zaha is letting healthcare professionals stay in 50 of his London properties rent free. AFP
    Wilfried Zaha is letting healthcare professionals stay in 50 of his London properties rent free. AFP
  • Gary Neville and Ryan Giggs, pictured during their playing days in 2008, co-own the GG Hospitality Group. Reuters
    Gary Neville and Ryan Giggs, pictured during their playing days in 2008, co-own the GG Hospitality Group. Reuters
  • Chelsea owner Roman Abramovich will cover all the costs pertaining to NHS staff staying at the hotel. Reuters
    Chelsea owner Roman Abramovich will cover all the costs pertaining to NHS staff staying at the hotel. Reuters

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"We will probably see a new football landscape," Uli Hoeness, who last year stepped down from the presidency of Bayern Munich after the best part of 40 years in executive positions at the club, told Kicker magazine. "You cannot say anything for certain at the moment, but I don't see €100m transfer fees again in the immediate future, and player contracts are not going to keep rising like they have been."

Bayern, a club Hoeness helped push to a position of unprecedented dominance in the Bundesliga - they are chasing an eighth successive title - have already agreed with their players that, until matches return to the calendar, salaries will be paid with a 20 per cent cut.

And Barcelona can be quite sure that nobody will be calling them from Bayern to offer €100m (Dh376m)-plus for Philippe Coutinho, the midfielder the German champions have had on loan from Barca since last August, and whose transfer to Barcelona in early 2018 was worth up to €150m to Liverpool, the selling club.

Chief executives in the Premier League, collectively the wealthiest elite division in the sport, will next week meet, via videolink, to discuss the issue of salary cuts. Paris Saint-Germain, far and away France’s richest club, are meanwhile preparing to put their formula for reducing wages to their players.

Negotiations will be tetchy, but footballers' trade unions across Europe acknowledge the privileged top band of their membership have an obligation to make income sacrifices, beyond the noble, applauded donations to health services some individuals, Messi among them, have made. And they know the players must cede some of their privileges with no clarity about how long sport's closedown will last.