9 Apr, 2020 @ 13:25
1 min read

Real Madrid players agree to take 10-20% pay cut due to coronavirus crisis

Real Madrid

REAL Madrid players have agreed to take a pay cut of 10-20% due to COVID-19.

The Madrilenos players, along with the coaches and ‘main directors’ will take the pay cut in order to help the club in this troubling time.

Los Blancos said: “The decision to reduce wages was taken by players, coaches and employees to avoid traumatic measures that affect the rest of the workers.”

The Queen – one of Real’s many nicknames – said the move was ‘depending on the circumstances that may affect the closing of the current 2019-20 sports season.’

The pay cuts would help the club during the tough time it is experiencing, ‘as a result of the suspension of competitions and the paralysis of a large part of its commercial activities.’

The club’s basketball team has also agreed to take voluntary pay cuts.

This comes after Barcelona – Real’s biggest rivals – announced last week that their players had accepted a pay cut of 70%.

Real Madrid currently sit second in La Liga, two points behind their arch rivals, since the league was suspended in mid-March.

Dimitris Kouimtsidis

GOT A STORY? Contact me now: dimitris@theolivepress.es or call +34 951 273 575 or +44 75 358 167 18. Twitter: @dkouimtsidis.
Dimitris has a BA in History from the University of Leeds and an MA in Journalism (Sports) from the University of Lincoln.
He joined the Olive Press team as a journalist in January 2020.

2 Comments

  1. Just looked at their salaries and just one of their paupers gets 10k per week, the average is around 70k-100k per week, with some earning 150k-400k per week, it’s unreal, just for kicking a ball around working ‘really hard’ probably a little out of breath for training & a weekly 90 min game, then back to slum it in their hovels. You’ve got to feel sorry for them, I mean their trophy wives will want their luxuries.
    They will no doubt save their oh so generous 10-20% pay cuts in reduced personal taxation, whilst their offshore tax havens won’t be touched.

    Location : T Wells

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Almoradi Dog Man
Previous Story

Costa Blanca man gets vicious dog to attack police and gets arrested for multiple other crimes in process

arson mallorca
Next Story

Manhunt launched as arsonist burns down library and sets fire to NINE motorbikes in Spain’s Mallorca

Latest from Lead

Go toTop

More From The Olive Press

Police corruption in Spain latest: Guardia Civil officer and his brother are accused of leading drug trafficking ring in Campo de Gibraltar

Body of a woman is found inside a torched caravan in southern Spain

A WOMAN’s body has been found inside a burnt motorhome

Homophobic club in gay mecca of Torremolinos faces hate crime charges after doubling down on ‘no f**s’ policy

Torremolinos mayor Margarita del Cid has received insults and threats