Bayern and Dortmund stars to take pay cut due to coronavirus

27 Mars, 2020, 01:57 | Auteur: Adelaide Bullion
  • Thomas Muller and Josh Kimmich in action for Bayern Munich before German football was suspended due to coronavirus

Europe may be the financial powerhouse of global football, but the economic impact from the coronavirus pandemic is already beginning to hit and the consequences could be disastrous for clubs across the continent.

Christian Seifert, a spokesman for the DFL executive committee said: "The initiative shows that solidarity is more than just lip service in the Bundesliga and Bundesliga 2". They are mulling over a pay cut of up to 70 per cent for their players.

In England, according to reports, the Premier League faces losing £762 million from domestic broadcast deals with Sky Sports and BT Sport.

It is therefore not hard to see why leagues will consider restarting behind closed doors, to at least guarantee revenue from broadcasters.

Borussia Mönchengladbach's players and coaching staff became the first in Germany to accept pay cuts during the coronavirus crisis this month, and players at Union Berlin have agreed to go without their wages.

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Newspaper Bild on Tuesday said players and club officials at champions Bayern, top of the Bundesliga when the season was halted on March 13, have accepted a 20 percent cut in their salaries.

The Spanish Football Federation has announced plans for a €500 million package allowing clubs in the top two divisions to receive loans of up to €20 million "and pay it back in five or six years", according to president Luis Rubiales.

Bayern Munich, Borussia Dortmund, RB Leipzig and Bayer Leverkusen will forego their share of the national media revenue and donate the remainder from their own funds. Similar measures could be taken in Italy.

However, if the shutdown continues until August or later, the financial impact could mean the footballing landscape across the continent is changed forever.

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