The first Real Madrid team will take cuts in salaries from 10 to 20%
La Liga has been stopped since March, while not having clear indications of when the league will be able to resume. Spain is one of Europe’s most affected countries from this disease.
Real Madrid reduces salaries from 10-20%
The first Real Madrid team will take cuts in salaries from 10 – 20%. To compensate for the club’s revenue loss during the coronavirus pandemic, the Merengue confirmed on Wednesday. La Liga has been stopped since March, while not having clear indications of when the league will be able to resume. Spain is one of Europe’s most affected countries from this disease. And while the situation continues, both the football and basketball teams of Madrid will cooperate with lower salaries. “Players and coaches of the first football and basketball teams of Real Madrid. Led by their captains and together with the club’s chief directors agreed to voluntarily reduce wages for this year by 10-20 percent. Due to circumstances that could affect the closure of the current 2019- 20 sports season.”
This decision will help to avoid traumatic measures
“This decision, made by players, coaches, and employees, will help to avoid traumatic measures that affect other employees. And will also help to achieve the economic goals of the institution in the face of the loss of income. Which it will suffer in the coming months as a result of the suspension of activity and paralysis of most commercial types. Real Madrid is proud of everyone who is part of this big family and its unshakable culture of values. Which becomes especially valuable in such difficult times.” Madrid Liga rivals Atletico and Barcelona previously announced reductions of their own: the star of the first team agreed to a drop in earnings of 70% to avoid layoffs and cuts for non-playing staff.
There are many clubs that need money
Earlier, his concern about such measures was expressed by the international representative of Germany, the Blancos Toni Kroos, who suggested that players should donate their salaries themselves. “Refusing a paycheck is like a donation to a club,” the midfielder told reporters. “This should be an option that everyone should consider. I think it’s even better to get a full salary, and then do it right.” “I don’t think it is necessary here,” Kroos continued. “Another thing I’m doing with all the money I get. We all need to help where help is needed. And there are many places where help is needed right now.”
“Many clubs no longer have the income that they planned to have, and there are many clubs that need this money,” Kroos said. “It all depends on how long it will stop.” If football returns in May, you will find solutions, also with giants, and everything will be fine. But if I say “no” to football before winter, I can imagine that a couple of clubs will no longer exist, and that would automatically drastically change football.”