We cannot take out future mortgages to keep Messi: Barcelona President Laporta

FC Barcelona President Joan Laporta explained the club’s decision to end his 21-year relationship with Lionel Messi and cut off talks on a new contract.

Barca shocked the football world on Thursday by announcing Messi was leaving the club when most expected them to announce a new five-year deal with the 34-year-old. Laporta stated on Friday that La Liga’s financial fair play rules made it impossible to give Messi a new deal on the terms the player requested.

“We have been negotiating for more than two months and these talks are now over. We cannot register the player because we have no place for him in our payroll.”

“We cannot find a way around the current rules of financial fair play and it makes no sense to continue [with discussions]. The player also needs some time to evaluate the offers that he has on the table and we have to respect that, “said Laporta, reports Xinhua.

“It’s painful but we have to go on without Messi now. It’s very sad but it’s a challenge and we have to face it as such,” continued the Barca president.

Laporta assured Messi wanted to stay at the club and said Barca would organize a friendly in his honor at a later date. He also pointed the finger at former president Josep Maria Bartomeu, criticized the “terrible” economic mismanagement of his predecessor and stated that the club was on the way to a loss of 487 million euros.

He also referred to the agreement announced by La Liga and investment company CVC Capital Partners that CVC will own 10 percent of a joint venture that will negotiate image rights for La Liga for the next 40 years. Although that deal would translate into € 270million for Barca, of which € 40million would be available for wages, Laporta said Barca – along with Real Madrid and Athletic Bilbao – are against the deal.

“In order to comply with the rules of financial fair play, Barca should have agreed to ‘pawn’ some of the club’s rights for half a century. When we had to make a decision, we decided we weren’t ready to do so.” that for no one. “Pawn” Barca’s rights for half a century, no way, “he insisted.

–IANS

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(Only the headline and image of this report may have been revised by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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