Lionel Messi and FC Barcelona have agreed to a brand new take care of a big wage discount, ESPN reported on Tuesday morning. Based on the report, Messi’s new contract will probably be for 5 years.
Group president Joan Laporta, who returned to the group again in March, had made makes an attempt to signal Messi to a deal earlier, however Barca’s monetary upheaval has made that troublesome. Barca is reportedly over €1 billion in debt and had its spending diminished considerably in mild of the pandemic final 12 months.
The group nonetheless has to make cutbacks and transfer gamers round, ESPN defined, and signing Messi to a smaller contract is a part of that course of.
The 34-year-old ahead turned a free agent at first of the month and had hinted at ending his 20-something 12 months run with Barca since final 12 months. Tensions between the footballer and former group president Josep Maria Bartomeu had an affect on Messi’s want to go away. The return of Laporta — with who Messi has at all times had a great rapport — inspired him to vary his thoughts.
Messi’s earlier contract was value over €500 million ($594M) over 4 years.