Barcelona have officially announced the club has ratified an agreement over a reduction in salary for players and staff, as well as confirming the schedule for the upcoming presidential election.
Goal understands the salary reduction will come in the form of a deferred payment of €122 million (£110m/$146m) . Barca were hoping to save as much as €190m (£170m/$227m) following significant losses to revenue in the wake of the coronavirus pandemic.
"The managing commission would like to publicly thank the footballers, coaches and employees for their understanding, their commitment and their help to the organisation to make possible this fundamental agreement to guarantee the club's immediate sustainability," a club statement said.