How Barcelona can benefit financially from Xavi Hernandez's decision to step down as Blaugrana boss

How Barcelona can benefit financially from Xavi Hernandez's decision to step down as Blaugrana boss

Byron Pillay
updated at January 29, 2024 at 2:55 PM
In this article:
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SPA La Liga
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FC Barcelona
  • Xavi Hernandez has decided to step down as FC Barcelona manager once the season ends
  • Barcelona have been struggling to stay financially afloat after being technically bankrupt
  • The Spanish club have used some unusual methods in order to raise much-needed funds

Barcelona’s financial woes continue, and the Spanish side now have the added stress of looking for a new manager.

Current coach Xavi Hernandez will not be in charge of the club next season after he decided he would leave the side at the end of the current season.

Xavi Hernandez has opted to step down as Barcelona manager and has opted to forego his salary for next season.
FC Barcelona will save a huge amount of money after Xavi and his staff opted to forego next season's salary after agreeing to step down. Image: David Ramos.
Source: Getty Images

Despite winning La Liga in his debut season, it has not been smooth sailing for Barca this time as they find themselves off the pace in the league and out of the Copa del Rey.

While the board have expressed confidence in Xavi to do his job, the Spaniard opted to step down for the betterment of the club and has given them one last parting gift.

Xavi to defer next season’s salary

As noted by Barca Universal, the club are set to save up to €12 million in salary after Xavi and his staff agreed to leave without any remuneration.

The former Spanish midfielder signed a new deal at the start of the new season, which saw him get a massive pay rise. The rest of his backroom staff also received increases, and they willingly have decided to forego these once they leave.

How the savings impact Barcelona

Barcelona’s financial issues are no secret; the club is always looking to save wherever possible.

As noted by The Athletic, in October 2021, the Spanish giants were technically bankrupt.

Instead of tightening the grips and cutting spending, Barca were spending money to make money, activating what Joan Laporta called economic levers.

The club opted to sell future revenues and stakes in some of the side’s subsidiaries, helping to generate income now to balance the books and avoid falling foul of the FFP rules.

Barcelona’s other unusual money-making efforts

While that has helped somewhat, the Spanish side are still struggling to fund new transfers while avoiding going back into debt.

They are also in the process of renovating the Camp Nou and have resorted to some unorthodox methods to help fund this. GOAL reported that the club are selling grass from the Camp Nou in mini stadiums and diamonds to help finance the renovations for the iconic ground.

Xavi to step down as Barcelona manager

Xavi Hernandez has made the decision to step down as FC Barcelona manager once the 2023/24 season is over.

The Spanish midfielder announced that he would be leaving the club after the heavy 5-3 defeat against Villarreal.

Barcelona won the La Liga title in Xavi's first season but have struggled this season, Sports Brief reported.

Byron Pillay photo
Byron Pillay
Byron Pillay is a sports writer and Head of the Department at Sports Brief (joined in 2022) with over 10 years of experience in community journalism and a degree in journalism from Caxton's Cadet School.