Home / Sports / Football / COVID-19: Real Madrid Announce Pay Cuts For Players, Coaching Staff

COVID-19: Real Madrid Announce Pay Cuts For Players, Coaching Staff

Spanish giants, Real Madrid, on Wednesday, announced that its players and coaches have agreed to take pay cut for the rest of the season.

Read Also: NCDC Confirms 22 New COVID-19 Cases As Number Rises To 276

The club issued a statement confirming that: “Players and coaches from both the football and basketball teams, led by their captains, together with the club’s main executives, have agreed to voluntarily lower their salaries for this year between 10 and 20 per cent depending on the way the 2019-20 season finishes”.

Read Also: I’m Successful Because I Pay Tithes – Rema

If the season resumes, the pay-cut will be just 10 per cent.

However, if the season cannot be completed, the reduction in wages will be 20 per cent.

The pay cut taken by the club’s highest earners, appears to have protected the club’s remaining employees from Spain’s temporary redundancy and wage-reduction scheme, known as ‘ERTE’, used by other La Liga clubs.

Read Also: Katsina Govt Quarantines 35 Persons Over COVID-19 Death Case

The statement added: “This decision, adopted by players, coaches and employees, avoids traumatic measures affecting the rest of the staff.”

La Liga has been suspended since March 12, following the outbreak of Coronavirus across Europe.

Both Barcelona and Atletico have already announced ERTEs, but Real’s wage much cut, is much smaller than their two big rivals.

Read Also: Stay-at-home Order: Court Sentences 17 Lagos Residents

Both Barcelona and Atletico announced a 70 per cent reduction in wages for first team players during the enforced break in football.

About Oluwafemi Ashaolu

Check Also

Liverpool Stars Take A Knee To Show Support For Black Lives Matter

Liverpool players showed their solidarity with the Black Lives Matter movement following the death of …

Confirmed: Ighalo To Remain At Manchester United Until 2021

Manchester United have extended striker Odion Ighalo’s loan from Shanghai Shenhua until the end of …

Leave a Reply

WhatsApp Newsbreak