Single Blog Title

This is a single blog caption

Real Madrid Players To Take 10-20% Pay Cut Due To 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 as reported by FrujuSports, 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”.

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

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x