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Real Madrid Players Accept Up To 20% Pay Cut

Actual Madrid’s French ahead Karim Benzema celebrates his workforce’s win on the finish of the Spanish league soccer match between Actual Madrid CF and Membership Atletico de Madrid on the Santiago Bernabeu stadium in Madrid on February 1, 2020. PIERRE-PHILIPPE MARCOU / AFP

 

Actual Madrid gamers have agreed to chop their salaries by as a lot as a fifth, the La Liga membership introduced on Wednesday, as Spanish soccer stays on maintain because of the coronavirus pandemic.

In a press release, Actual stated gamers and coaches from the facet’s soccer and basketball groups, in addition to key administrators, had voluntarily agreed to the discount, of both 10 or 20 p.c, “depending on the circumstances that may affect the closing of the current 2019/20 sports season”.

Actual didn’t say what circumstances would have an effect on the speed of wage reduce, however Spanish media reported gamers will obtain 10 p.c much less if the season is accomplished and 20 p.c much less if the present marketing campaign is terminated.

The cuts will shave between 28 million and 56 million euros ($30.four million and $60.eight million) off Actual’s wage invoice.

It additionally means the membership has prevented utilizing the partial unemployment (ERTE) scheme that reduce Barcelona and Atletico Madrid gamers’ salaries by 70 p.c.

La Liga has really helpful golf equipment benefit from the scheme, and each Sevilla and Espanyol have additionally put in a request to be included on the ERTE scheme.

Over 14,000 folks have died from COVID-19 in Spain, the second worst-hit nation from the virus after Italy, with 146,690 registered circumstances.

AFP

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