Real Madrid have officially announced that their players and coaches have agreed to take pay cuts between 10-20% while many matches have been cancelled due to the coronavirus pandemic. The club say the action has been taken in an effort to eliminate the “traumatic measures that influence the rest of the workers”.
Real’s move follows their rivals Barcelona and Atletico Madrid, whose players, including Lionel Messi have agreed to take a 70% pay cut to help non-playing staff.
A statement on Real’s official website stated that “The players, coaches led by their captains, together with the main executives of the first Real Madrid football and basketball squads, have voluntarily accepted to lower their remuneration by 10 to 20 percent, depending on the circumstances that may impact the closure of this 2019-20 sports season.
This decision, agreed by players, coaches and employees, is an attempt to avoid traumatic measures that impact the rest of the workers, in addition to assisting the entity’s economic objectives in view of the decline in income that it suffers these months as a result of the cancellation of competitions and the paralysis of a large part of its commercial activities.
Competition within La Liga has been suspended since the early of March and league president Javier Tebas has stated that football in Spain is unlikely to resume to its normal speed until the end of May at the earliest.
The country has been in lockdown since March 14 and those measures will remain effectively until at least April 26.
Spanish football journalist Alvaro Montero shared that Barcelona are doing their best to help the club’s non-sport staff continue to fully receive their salary during the coronavirus pandemic.
Real’s statement continued: “Real Madrid is proud of all members of this great family and its unwavering culture of values, which becomes especially valuable in this difficult time.