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Real Madrid players to take 10-20% Pay Cut

Los Blancos stars salary cut due to coronavirus pandemic
Real Madrid

Real Madrid's players, coaches and "main directors" have agreed to take a 10-20% pay cut this year in response to the coronavirus pandemic. Football in Spain has been suspended since March when the country was declared to be under a state of emergency.

The decision has been made to help workers at the club get through the crisis. The club's basketball team have also agreed voluntary pay cuts.

The move follows Barcelona who announced that players would take a 70% pay cut and make additional contributions to ensure non-sporting staff received full wages.

The full statement from Real Madrid CF reads:

"The players and coaches of the football and basketball first teams of Real Madrid, led by their captains, together with the main directors of the different departments of the club have agreed to voluntarily reduce their remuneration for this year by between 10% and 20%, depending on the circumstances that may affect the closing of the current 2019/20 sports season.

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.

In the same way, Real Madrid, its members and fans, want to show all their love and solidarity to those who have suffered the direct consequences of this disease that is hitting us all, especially those who have lost a family member or loved one.

The club wishes a quick recovery to all the sick people and wants to transmit its deepest gratitude to all the people who are playing an essential, exemplary and solidary role in the fight against COVID-19.

From Real Madrid, we offer all our support and strength with the conviction that together we will overcome, without a doubt, this difficult moment."

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