[ad_1]
The club insists that the captain accept a salary reduction before agreeing on the contract renewal terms.
Sergio Ramos’ future at Real Madrid remains up in the air, with talks for the renewal of a new contract stalled between the player and the LaLiga club. As of January 1, Ramos can now formally negotiate with another club to leave a free transfer at the end of the 2020/21 campaign. Currently, one of the fundamental obstacles is the 10% salary drop that the club plans for all first-team and Real Madrid players, with key club executives and members of the RM basketball team also raising a salary reduction to offset loss of income. as a consequence of the covid pandemic. The reduction comes at a time when players like Ramos, Modric and Lucas Vázquez are involved in key contract renewal negotiations.
Currently Sergio Ramos earns a sum of 12 million euros net per season with the Santiago Bernabéu team with the proposed reduction erasing 1.2 million euros from his annual club income.
The club’s pay cut initiative has been broadly rejected by members of the first team squad and many players are aware that the club is planning big summer operations for players like Mbappé and Camavinga, and that newcomers lucrative salaries will be offered as an added incentive. Players claim that if there is money in the cafes for new acquisitions, then there is no need for the team to take a salary hit.
Losses of 90 million euros more
If Real Madrid’s economic forecasts come to fruition (with planning taking into account that there will be no fans returning to the stands this season), the club expects a loss of 91 million euros, hence the proposal to all key players and high-income executives.
Source: m.allfootballapp.com
[ad_2]
