Real Madrid players agree to 10-20 percent wage cut

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MADRID (Reuters) - Real Madrid's playing and coaching staff have voluntarily agreed to take a wage cut of between 10 and 20 percent this year to help the club deal with the stoppage caused by the coronavirus outbreak, the La Liga side said in a statement on Wednesday.

The club said the exact amount would"depend on the circumstances that may affect the closing of the current 2019/20 sports season." Club directors have also agreed to a wage cut as have members of its basketball team, it said.

Spain has been badly hit by the coronavirus outbreak with a death toll of 14,555. La Liga, as with most football around the world, is currently suspended and it is not known when, or even if, the season will re-start. It said it would also help deal with"the reduction in income that the club is suffering these months as a result of the suspension of competitions and the paralysis of a large part of its commercial activities."

 

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