Barcelona have been left red-faced after they were forced into cutting Memphis Depay ’s wage packet, just three weeks after signing the Dutch star.
The 27-year-old has long been linked with a move to the Nou Camp and those links were proven to be true when he completed a free transfer from France.
But while he has secured his dream move, the perilous financial situation that Depay has encountered at Barcelona has already hit his bank account.
Under the former boardroom regime, debts skyrocketed, with Barcelona now left staring down a financial black hole.
New president Joan Laporta is desperately trying to move on players who arrived on huge wages for massive transfer fees.
That expenditure has left them in deep trouble financially, with the current situation meaning they cannot register any new players.
Due to the strict salary cap rules in La Liga, Barca must sell players or cut their wage payments in order to get under their cap.
Laporta must raise a figure in the region of £200million to be able to bring any new players in, or hand those players out of contract another deal.
That means that Depay, Sergio Aguero, Eric Garcia and Emerson Royal are all unable to officially play for the club after moving to Catalonia this summer.
In an attempt to get under the cap and allow those signings to play for the club, Laporta has now turned to cutting those players’ wages.
According to Goal, Depay was originally offered a contract worth £6million a year, with a number of performance-related add-ons included.
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But it is stated that those terms have now been cut by 30 per cent, with Barca unable to pay Depay more than £4.4m.
Those terms are set to put to Depay and his representatives, but luckily for Laporta, it is believed that the attacker will have no problem in accepting the reduction.
Instead, he is said to be happy to help out his new club and will do “everything in his power” to get the deal officially over the line.
Without the reduction it is thought that it would be impossible for Depay to play for Barca due to their finances.
The reductions are not only limited to Depay though, with fellow new signing Garcia also forced to take a pay cut.
He originally agreed personal terms in January following a long transfer saga that saw Manchester City determined to keep the defender in England.
But after Laporta took over as president, Garcia’s pay packet has also taken a hit in order to officially complete the transfer.
Laporta is also attempting to move on the likes of Miralem Pjanic, Samuel Umtiti and Philippe Coutinho as he tries to bring in funds.
The situation means that superstar Lionel Messi is currently a free agent, with Barca unable to register the Argentine even if he did sign a new deal as it stands.