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Messi Agrees To A Five-Year Contract With Barcelona, Accepts Wage Cut

By Paul Madu

Lionel Messi has agreed to stay at Barcelona after agreeing to a five- year deal, according to ESPN.

Messi’s €500m contract expired at the end of June and has officially remained a free agent after his 20-year trade at the Catalan club.

Prior to the return of Joan Larporta as President, the 34-year-old had indicated under Josep Maria Bartomeu that he may not continue at the club after the expiration of the contract.

He made the decision after the club was humiliated 8-2 by Bayern Munich last August in the Champions League.

But with Laporta, the Argentine who just won the Copa America has agreed to stay until 2026.

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The club is expected to make an official announcement soon, the report said.

Barcelona has a debt of over €1bn and the club also needs to cut down its wage bill to meet La Liga benchmark for wage bill.

With the development, the six-time Ballon d’Or winner has also agreed a wage cut. The clubs wage limit has been reduced from €600m to €347m.

La Liga President Javier Tebas is demanding further cuts before the club will be able to register players like Sergio Aguero and Messi.

Credit: Whistler

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