Real Madrid Players To Take 10-20% Pay Cut Amid Coronavirus Pandemic

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Real Madrid Players To Take 10-20% Pay Cut Amid Coronavirus Pandemic

Real Madrid’s players, coaches and “main directors” will take a pay cut of 10-20% this year as the club deals with the impact of the coronavirus pandemic.

Football in Spain has been suspended indefinitely since March, when the country declared a state of emergency.

Real said the decision to reduce pay was “taken by players, coaches and employees” to avoid “traumatic measures that affect the rest of the workers”.

The club’s basketball team have also agreed voluntary pay cuts.

Real said the move was “depending on the circumstances that may affect the closing of the current 2019-20 sports season”.

It added the decision would help mitigate a decrease in income “as a result of the suspension of competitions and the paralysis of a large part of its commercial activities”.

It was announced last month that Barcelona players would take a 70% pay cut and make additional contributions to ensure non-sporting staff received full wages.

Spain’s national death toll now stands at 7,340, making it the worst-affected country in the world behind Italy.

German sides Bayern Munich and Borussia Dortmund, have also agreed to take pay cuts.

In a statement, Barca skipper Messi said: “Before going any further, we want to make it clear that we were always willing to reduce our salaries because we understand perfectly that we are in an exceptional situation. We, as players, are always here to help the the club when they ask.

https://www.bbc.com

“It does not cease to surprise us that from within the club there were those who tried to put us under the magnifying glass and tried to add pressure to do something that we always knew we would do.

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“If we didn’t speak until now, it’s because the priority was to to find solutions to help the club and to see who the most affected were during this situation.

“For our party, the moment has arrived that, the cut will be 70% of our wage during the state of alarm. We will also help out the club in order for the workers to be paid 100% of their wages.”

Barcelona’s board of directors, members of its professional sports teams and most of the basketball team have also agreed to reduce their salaries.

Real Madrid Players To Take 10-20% Pay Cut Amid Coronavirus Pandemic

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