The Spanish club said in a statement that it cannot afford to re-sign Messi because of “economic and structural” issues. Messi, 34, has been a free agent since his previous terms expired on June 30.
LATEST NEWS | Leo #Messi will not continue with FC Barcelona
— FC Barcelona (@FCBarcelona) August 5, 2021
The club said in a statement: “Despite having reached an agreement between FC Barcelona and Leo Messi and with the clear intention of both parties to sign a new contract today, it cannot be formalized due to economic and structural obstacles [Spanish LaLiga regulations].
“Given this situation, Lionel Messi will not continue linked to FC Barcelona. Both parties deeply regret that the wishes of both the player and the club cannot finally be fulfilled.
“Barca would like to thank with all its heart the player’s contribution to the enhancement of the institution and wishes him the best in his personal and professional life.”