Lionel Messi is giving his first press conference since his shock exit from Barcelona was announced earlier this week. No details about what he will say have yet been revealed — either by him or the football club. Watch him speak live on the situation below.

The 34-year-old Argentine will end his career-long alliance with the Spanish team, having come through the ranks at the esteemed La Masia youth academy. Now, he's strongly tipped to transfer to Paris Saint Germain.

In the ongoing press conference, Messi explains that he offered to reduce his salary in July 2021, taking a five-year pay cut that would slice his earnings down from about €45 million (approximately $53 million) to about €20 million (approximately $23.6 million).

Messi also asserted that the rumors that he asked for a 30% raise were a lie.

Despite more than a minor amount of behind-the-scenes turbulence, reports indicated that Messi had every intention to remain at the club that he'd played for since his career began nearly two decades ago in 2004. The problems stemmed from Barcelona's mismanagement of funds.

Even at a halved rate, the club was incapable of affording his salary. Barca is estimated to pay 110% of its income to player salaries alone, its many millions of euros in debt notwithstanding.

To retain Messi on its squad, Barcelona management needed to reassess its cashflow and perhaps restructure its team by the time that Messi's contract was due to expire.

Even as the news about Messi continues to unfold, his former team has kept on trucking, handily winning August 8's Joan Gamper Cup against Juventus.

What To Read Next

  • Image on Highsnobiety

    Machine Gun Kelly's Pink Moment, Off-White™ x Church's Hole-Y Shoes, Kim's SKKN Lawsuit

    Culture
  • Image on Highsnobiety

    Ahoy! Sailorcore Sets Sail for SS23

    Style
  • Image on Highsnobiety

    Denim Tears & CPFM Are Reclaiming July 4th

    Style
  • Image on Highsnobiety

    Cactus Jack x Dior Is Actually Releasing After All

    Culture
  • Image on Highsnobiety

    More Virgil Abloh Exhibit Merch Drops in Brooklyn

    Style
  • Image on Highsnobiety

    Needles Does Needles Things for SS23

    Style
*If you submitted your e-mail address and placed an order, we may use your e-mail address to inform you regularly about similar products without prior explicit consent. You can object to the use of your e-mail address for this purpose at any time without incurring any costs other than the transmission costs according to the basic tariffs. Each newsletter contains an unsubscribe link. Alternatively, you can object to receiving the newsletter at any time by sending an e-mail to info@highsnobiety.com

Web Accessibility Statement

Titelmedia (Highsnobiety), is committed to facilitating and improving the accessibility and usability of its Website, www.highsnobiety.com. Titelmedia strives to ensure that its Website services and content are accessible to persons with disabilities including users of screen reader technology. To accomplish this, Titelmedia has engaged UsableNet Inc, a leading web accessibility consultant to help test, remediate and maintain our Website in-line with the Web Content Accessibility Guidelines (WCAG), which also bring the Website into conformance with the Americans with Disabilities Act of 1990.

Disclaimer

Please be aware that our efforts to maintain accessibility and usability are ongoing. While we strive to make the Website as accessible as possible some issues can be encountered by different assistive technology as the range of assistive technology is wide and varied.

Contact Us

If, at any time, you have specific questions or concerns about the accessibility of any particular webpage on this Website, please contact us at accessibility@highsnobiety.com, +49 (0)30 235 908 500. If you do encounter an accessibility issue, please be sure to specify the web page and nature of the issue in your email and/or phone call, and we will make all reasonable efforts to make that page or the information contained therein accessible for you.