- Messi has spent whole career at Spanish club and is free agent
- Barcelona say La Liga regulations made new deal impossible
“Despite FC Barcelona and Lionel Messi having reached an agreement and the clear intention of both parties to sign a new contract today, this cannot happen because of financial and structural obstacles (Spanish Liga regulations),” the club said.
“FC Barcelona wholeheartedly expresses its gratitude to the player for his contribution to the aggrandisement of the club and wishes him all the very best for the future in his personal and professional life.”
Last month Messi agreed in principle to a five-year deal on reduced wages rather than a two-year extension initially discussed. It had been hoped the agreement would keep Barcelona within the boundaries of La Liga’s financial fair play regulations but that has proved impossible.
Barcelona needed to move players out to renew Messi’s deal and they have not been able to find the solution. The club, whose total debt is about €1,173m, are constrained by the league’s salary cap. Messi has agreed to a 50% pay cut, dropping from about €45m basic, after tax, to closer to €20m.
The question is where Messi, who was 34 in June, will play next season. He has been at Barcelona for 20 years.
Full story to follow
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