Madrid announced that players and coaches from its football and basketball squads agreed to reduction in wages on Wednesday, with La Liga and professional sport in Spain on hold due to COVID-19.
"The players and coaches of Real Madrid's first team football and basketball squads, led by their captains, together with the principal executives of the club's various departments, have agreed to voluntarily lower their pay for this year between 10 per cent and 20 per cent, based on the circumstances that could affect the end of the current sporting season 2019-20," the "This decision, taken by players, coaches and staff, avoids traumatic measures which would affect other workers, as well as contributing to the economic objectives of the club in the face of the reduction of income it has experienced in recent months as a consequence of the suspension of competitions and a large part of its commercial activities being paralyzed. Real Madrid players have agreed to cut their salaries by as much as a fifth, the La Liga club announced on Wednesday, as Spanish football remains on hold due to the coronavirus pandemic. "Sources told ESPN that meetings were held with a number of players' agents on Tuesday to discuss the proposals.Real Madrid had been evaluating the financial implications of the pandemic since the introduction of a state of emergency in Spain last month, when La Liga was put on hold indefinitely.A number of scenarios were analysed alongside potential dates for a return to competition.The final figures of between 10 and 20 percent will be set depending on when and how the season is completed. "We must all help where help is needed. "Waiving salary is like a donation in vain, or to the club," he told the SWR Sport podcast. You have come to the all new Global edition, for other ESPN editions, click here. Real Madrid have announced that players and coaches from their football and basketball squads have agreed to a pay cut during the coronavirus pandemic. Gareth Bale won’t take a pay cut to leave Real Madrid. Real Madrid players have agreed to cut their salaries by as much as a fifth, the La Liga club announced on Wednesday, as Spanish football remains on hold due to the coronavirus pandemic. Directors at the club have also accepted to voluntary reductions in pay for 2019-20, with all professional sport in Spain on hold as the country remains in a state of alarm. Facebook; Twitter; Facebook Messenger; Pinterest; Email; Real Madrid have announced that their players, coaches and executives have agreed to temporary pay cuts of between 10 and 20 percent due to the coronavirus pandemic. Real Madrid star Toni Kroos said it was logical for players and coaches to take a pay cut amid the coronavirus pandemic. I think it's even better to get the full salary and then do the right thing with it. Recently they became champions in the 2015/2016 season … Barcelona stun Real Madrid with wonderkid bid; Man United expect Fati to stay; why Payet rejected pay cut play Why a starting role at Chelsea is key to landing Werner (1:59) Mauro Icardi has been linked with moves to clubs like Barcelona and Real Madrid in the past, but with the former wanting to sign Lautaro Martinez, the only realistic destination for the 27-year-old is the home of the 13-time European champions.With that said, Diario GOL has claimed to be the source of major updates with regard to the potential transfer. "It should be an option for everyone to consider. Real Madrid have announced that players and coaches from their football and basketball squads have agreed to a pay cut during the coronavirus pandemic.Directors at the club have also accepted to voluntary reductions in pay for 2019-20, with all professional sport in Spain on hold as the country remains in a state of alarm.The wage reductions will be between 10 and 20 per cent “depending on the circumstances that may affect the closing of the 2019-20 season”, the club said in a statement.“This decision, taken by players, coaches and employees, avoids traumatic measures that affect the rest of the workers, as well as contributing to the economic objectives of the entity in view of the decrease in income that it is suffering these months as a result of the suspension of competitions and the paralysis of a large part of its commercial activities.“The club’s business committee strongly supports this decision, which it considers responsible and exemplary.“Real Madrid is proud of all those who make up this great family and of its unwavering culture of values, which is especially valuable in difficult times such as these.“The club wishes a quick recovery to all the sick people.”
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