Egypt, Saudi Arabia sign MoU to exchange road expertise    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    URGENT: Egypt's annual core CPI inflation rises to 12.1% in October — CBE    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt's private medical insurance tops EGP 13b amid regulatory reforms – EHA chair    Egypt to issue EGP 6b in floating-rate T-bonds    Egypt, Qatar intensify coordination as Gaza crisis worsens    Egypt, US's Merit explore local production of medical supplies, export expansion    Egypt, WHO discuss joint plans to support crisis-affected health sectors    Arabia Developments, ElSewedy join forces to launch industrial zone in New 6th of October City    Germany, Egypt sign €50m debt swap for renewable energy grid connection    Government to channel major share of Qatar deal proceeds toward debt reduction: Finance Minister    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Russia's Putin appoints new deputy defence minister in security shake-up    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Barcelona must use common sense over Messi contract, says CEO
Published in Ahram Online on 12 - 01 - 2017

Barcelona's hopes of offering talisman and all-time top scorer Lionel Messi an improved contract face a stumbling block because of the expenditure caps imposed by La Liga, the Spanish champions' CEO Oscar Grau said on Wednesday.
While Messi's feted strike partners Luis Suarez and Neymar have each signed new deals until 2021, the Argentine maestro's contract runs out on June 30 2018, giving Barca a window of 18 months to prevent him leaving the club for free.
Messi earns a reported 22 million euros ($23.1 million) per year after tax from Barca, while Neymar and Suarez's salaries are believed about 25 million euros after their latest contract renewals, and Grau said any new deal for the Argentine would put considerable pressure on the club's finances.
"Barcelona has to analyse this situation with a cold head and common sense. Barca can't exceed 70 percent of its budget on wages and therefore we have to make the numbers add up," Grau said on Wednesday at the Forum Europa.
La Liga agrees budgetary limits with each club at the start of every season and its regulations, known as economic controls, prevent club's from spending over 70 percent of their budget on wages.
Barca's budget for this season is a record 695 million euros ($730.7 million). The Catalans pay the highest wages in Spain and the second highest in world soccer behind Manchester United, according to the latest publication of the Global Sports Salary Survey (GSSS), which said Barcelona players earned an average annual wage of $7,456,800.
Grau said one way for Barca to renew Mess's contract was to increase revenues. Their latest sponsorship deal with Japanese retailer Rakuten, the biggest in world soccer, will earn the club 55 million euros per year.
The club could also sell other players to in order to create a new contract for Messi, who is the top scorer in La Liga this season with 13 goals.
"One option is to increase our revenues, as our economic strategy forecasts. We want to have the best players around, but perhaps we have to prioritise," added Grau.
"The club wants the best player in the world to stay at Barca. I would like to ease the concerns of club members and supporters but we have to use common sense."
(For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.)


Clic here to read the story from its source.