Real Madrid agree 10-20% salary cut for players

09 Avril, 2020, 07:29 | Auteur: Adelaide Bullion
  • Real Madrid in talks with players over player salary cuts

Real Madrid are the latest to join them in imposing these measures, with their players agreeing to a 10 percent reduction to their annual salaries - which could rise to 20 percent if the season isn't completed.

It also means the club has avoided using the partial unemployment (ERTE) scheme that cut Barcelona and Atletico Madrid players' salaries by 70 percent.

But if the season can not be completed the reduction in wages will be 20 per cent.

Toni Kroos has said he believes players' salaries shouldn't be cut during the coronavirus pandemic - arguing that it would be better for wages to be paid in full, and then used to donate to good causes.

"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 club said in a statement.

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It added the decision would help mitigate a decrease in income "as a result of the suspension of competitions and the paralysis of a large part of its commercial activities".

Sports clubs around the world are facing the fallout from the outbreak as the football leagues and major tournaments remain either suspended or canceled.

"Waiving salary is like a donation in vain, or to the club", the midfielder told the SWR Sport podcast. I don't think it's necessary here; what I do with the money I get is a different issue. We must all help where help is needed. "Today I'm very happy, and I still have very good people around me, if not better, so I'd say this is just the beginning and there is much more to come". "If, for example, the game returns in May, I'm sure solutions will be found".

Should they make their move, though, they are likely to face fierce resistance from Real Madrid, who are desperate to keep Gelabert, whose contract expires next summer.



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