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Lionel Messi and his Barcelona teammates’ winning ways are bringing the Spanish champion losses.
The 23-year-old Argentine will share 20 million euros ($28.1 million) with 20 teammates if Barcelona beats Manchester United in London tomorrow to win the Champions League, Vice President Javier Faus said in an interview. The players got 50 million euros in bonuses after winning six trophies in 2009 and 40 million euros for taking the last two Spanish league titles.
Barcelona’s 15th trophy since 2005 would widen its loss for the year through June to about 15 million euros as it struggles to make money out of its success. About 70 percent of Barcelona’s projected 450 million euros in revenue for the year will be paid in player compensation, Faus said.
“It’s good to pay bonuses if we win because it’s an incentive,” Faus said. “But next time the fixed-salary payments have to be lower,” Faus added, referring to the next players the club hires.
The bonuses, written into contracts, vary from player to player at Barcelona. Messi, who has 49 goals in the Champions League, Spanish league and cup, extended his contract through 2016 two years ago along with first-team players including Andres Iniesta and Xavi Hernandez.
In Argentina, Messi is using his income to invest in a luxury development in the province of Santa Fe, according to impulsonegocios.com, a website that covers the region. Messi also has real estate in Barcelona, according to company filings: El Rincon de Rosario SL, which had assets worth 814,000 euros in 2009, and Limecu Espana 2010 SA.
Social Projects Pablo Negre, the commercial director of Leo Messi Management SL, declined to comment on the soccer player’s investments. Messi is spending on social projects like school and sports facilities for children in northern Argentina through his foundation, Negre said.
Barcelona’s projected fiscal loss, which follows a 79 million-euro loss in fiscal 2010, is partly down to the club writing off the rest of the 69.9 million-euro acquisition of Zlatan Ibrahimovic, helping to reduce net debt to 370 million euros, Faus said. The Sweden striker joined from Inter Milan in 2009, leaving a year later for AC Milan for 24 million euros, according to Barcelona.
Barcelona, which signed what it called a “record” 30 million-euro annual jersey sponsorship deal with Qatar in December, won’t carry out work on its Camp Nou stadium until the club’s net debt is reduced further, Faus said. Last year, it canceled plans for a 250 million-euro redesign by architect Norman Foster that would have given the arena a multicolored exterior influenced by Antoni Gaudi.
It’s not only Messi that will be celebrating if Barcelona beats United: Staff “including the cleaning ladies” will also get an extra pay-check, Faus said.
“It will be like Christmas,” Faus said. |
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