Transfer news - Barcelona confirm Lionel Messi won't sign new contract, will join new club as free agent

It's the end of an era in Barcelona with the official news that Lionel Messi will not be able to continue at the club. The confirmation comes after wide-spread reports but it does sound as if the two parties wanted to stay together but were unable to do for financial reasons imposed by La Liga's rules.

FC Barcelona have confirmed on Thursday evening that Lionel Messi will not continue with the club.


The news comes after reports that the two parties had failed to reach an agreement on a new deal.


However Barcelona have released a statement saying there was agreement on a new contract but it is not possible to be signed due to the financial rules from La Liga.


BARCELONA STATEMENT IN FULL

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.


Barça 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.