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Real Madrid players will be asked to accept another pay cut as the club grapples with ongoing losses caused by the COVID-19 pandemic, sources told ESPN.
The club is putting the finishing touches to this season’s budget, which will be finalized in the coming days, and will then present a proposal to the first team squad.
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Sources have told ESPN that the exact percentage of salaries that players will be asked to resign has yet to be set.
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When that figure is established, talks will be held with club captains Sergio Ramos, Marcelo, Karim Benzema and Raphael Varane.
In April, a first pay cut of between 10% and 20% was agreed for players, coaching staff and senior executives, while the club decided not to spend money on new signings during the summer transfer window.
The team also agreed to waive bonuses owed to them for winning the league this summer.
Those measures helped protect the jobs of club workers and avoided the need for the club to implement temporary job losses, known in Spanish labor law as ERTE.
It remains to be seen how players will respond to this latest proposal. Sources have told ESPN that, in principle, they sympathize with the club’s situation.
The Real Madrid board has had to work hard to adjust its planning and minimize the economic damage in the face of the COVID-19 crisis.
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Like other major clubs, they have suffered a decline in sponsorship revenue and marketing opportunities, as well as a lack of ticket sales caused by the need to play behind closed doors at the Alfredo di Stefano stadium instead of a Santiago Bernabéu. full.
La Liga sources have told ESPN that the biggest clubs in Europe can suffer a deficit of between 3 and 4 million euros per home game, if all losses are taken into account.
Spain’s sports minister Irene Lozano suggested Wednesday that there is a possibility that fans could return to La Liga stadiums before the end of the 2020-21 season if circumstances and a possible vaccination allow.
Source: espn.co.uk
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