Real Madrid players agree to 10 to 20 % wage cut
Thompson Nsisongabasi
Apr 09, 2020
Real Madrid 's playing and coaching staff have voluntarily agreed to a wage cut of between 10 and 20 percent this year, the La Liga side said in a statement on Wednesday.
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The wage cut is to help the club deal with the stoppage caused by the coronavirus outbreak.
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The club said the exact amount would "depend on the circumstances that may affect the closing of the current 2019/20 sports season.ÔÇØ
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Club directors have also agreed to a wage cut as have members of its basketball team, it said.
The club said the move followed negotiations between the team captains -- Sergio Ramos for the senior soccer side -- and club directors.
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It said the decision would save having to cut the wages of other employees.
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Spain has been badly hit by the coronavirus outbreak with a death toll of 14,555.
La Liga, as with most football competitions around the world, is currently suspended and it is not known when, or even if, the season will re-start.
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"This decision, taken by players, coaches and employees, avoids traumatic measures that affect the rest of the workers,ÔÇØ said the statement.
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It said it would also help deal with "the reduction in income that the club is suffering these months as a result of the suspension of competitions and the paralysis of a large part of its commercial activities.ÔÇØ
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The players at FC Barcelona and Atletico Madrid have also taken pay cuts and La Liga has asked other clubs to follow suit.
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The Spanish sports daily Marca said that a 10 percent cut would save the club around 50 million euros.(Reuters/NAN)
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— Thompson Nsisongabasi