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MADRID, March 30 (Xinhua) ---- Spanish La Liga club FC Barcelona want the players to cut their salaries by 70 percent until June 30 as a way of saving around 106 million euros (117 million dollars) due to the worldwide COVID-19 pandemic, the Spanish Marca sport newspaper reported on Monday.

According to the report, the club will lose at least 100 million euros (110.7 million dollars). The amount is about 10 percent of the club's budget for the 2019/20 season.

The club's board of directors is currently working to invoke the ERTE, or temporary employment measures, which will suspend the players' labor contracts.

The system will be in place in the coming days and will help the club compensate any financial losses.