Barca Says Even Cut-Price Messi Too Expensive to Keep

Barca Says Even Cut-Price Messi Too Expensive to Keep
Barcelona's Lionel Messi celebrates winning La Liga with the trophy at Camp Nou, in Barcelona, Spain on April 27, 2019. Albert Gea/Reuters
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BARCELONA—Barcelona was forced to let star player Lionel Messi leave the club because his high wages coupled with strict La Liga financial rules could have jeopardized its future, President Joan Laporta said on Friday.

Both the club, which has suffered steep losses recently, and 34-year-old Messi had wanted to sign a new contract. But the Argentine’s deal would have taken salaries to 110 percent of the club’s earnings, a financially risky move given the impact of the COVID-19 pandemic, Laporta said.