The surprisingly low salary Joao Felix earns at Barcelona has been revealed, but the Portuguese star is now set to receive a record pay rise.
Felix joined the Catalan giants on loan on deadline day after falling out of favor with Diego Simeone at Atlético Madrid.
He has made an impressive start to life with Xavi’s side, scoring three goals and contributing three assists in eight appearances in all competitions.
Barcelona’s financial problems in recent years have become public knowledge. The club activated what it called various “economic levers” to pay off reported debts of more than £1bn while ensuring it can continue to spend in the transfer market. This also included the sale of assets such as merchandise revenue and future TV rights.
And, According to reports from SpainFelix was hit by financial constraints, with the striker having an annual salary of just €400,000 (£345,000) upon his arrival.
The surprisingly low wages Joao Felix earns at Barcelona have been revealed
Felix (right) moved from Atletico Madrid after falling out of favor with Diego Simeone (left).
That equates to just £6,635 a week, which is a small amount for an elite footballer and much less than the several hundred thousand pounds a week his team-mates reportedly earn.
The report further claims that Felix, who was keen to move from Atlético, had to accept the low starting salary to get the deal done.
The contract stipulated that his salary would be increased as soon as Barcelona’s financial situation permitted it.
This is now the case as Felix’s annual wages rise to €4m (£3.45m) for the remainder of his season-long loan, a 900 per cent increase.
However, his new salary of £66,345 per week is still significantly lower than the €280,000 per week (£250,000) contract he reportedly had at Atletico, and the 23-year-old recently admitted that he is “a significant amount gave up” amount of money to carry out the move.
The new salary will not impact Barcelona’s FFP targets and the club’s vice-president Eduard Romeu confirmed the change and praised Felix’s professionalism.
He told Spanish newspaper L’Esportiu: “It’s true, Joao Felix has reduced his salary to €400,000 (£345,000) to join. “This is a person who has made great efforts to join.
“It’s very nice to see that from a man who probably wasn’t at his best at his club, but he was great here.”
“Make no mistake, but the club that gave us Felix has an interest in this being a great performance.” “Hopefully at the end of the year we will be faced with the conflict of having to think about his continuity.”
Felix, who moved to Atlético for €127m (£113m) in 2019, still has six years left at the club.
He spent the second half of last season on loan at Chelsea, with the Blues paying his wages in full and an £11m loan fee.
Felix, who has made a great start to life at Barcelona, will now receive a 900 per cent pay rise, taking his wages from £6,635 per week to £66,345 per week
Barcelona have recently been keen to cut wages to deal with high levels of debt
Romeu also provided a more comprehensive overview of Barcelona’s current financial situation, stressing that they are making progress, albeit slowly, towards their goals.
He added: “There are two types of debt: the one measured by La Liga and the global one.” La Liga measures the debt of banks and clubs, which was €680m (£588m) in June 2021, €608m (£588m) in 2022 ( 526 million pounds) and 552 million euros (477 million pounds) in 2023. For this reason (La Liga president Javier) Tebas said we had reduced the blame.
“But for us the debt is much bigger.” When we arrived the debt was around 1.35 billion euros (1.17 billion pounds). We are now at just under 1.2 billion euros (1.04 billion pounds).
“The ‘levers’ were used to cover the strain on our finances and also to pay off debts, which is my passion.”