x

Real Madrid players agree to 10 to 20 percent wage cut

Real Madrid’s playing and coaching staff have voluntarily agreed to a wage cut of between 10 and 20 percent this year, the La Liga side said in a statement on Wednesday.

The wage cut is to help the club deal with the stoppage caused by the coronavirus outbreak.

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.

The club said the move followed negotiations between the team captains —- Sergio Ramos for the senior soccer side —- and club directors.

It said the decision would save having to cut the wages of other employees.

Spain has been badly hit by the coronavirus outbreak with a death toll of 14,555.

La Liga, as with most football competitions around the world, is currently suspended and it is not known when, or even if, the season will re-start.

“This decision, taken by players, coaches and employees, avoids traumatic measures that affect the rest of the workers,” said the statement.

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.”

The players at FC Barcelona and Atletico Madrid have also taken pay cuts and La Liga has asked other clubs to follow suit.

The Spanish sports daily Marca said that a 10 percent cut would save the club around 50 million euros.(Reuters/NAN)

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

North-central Forum Blames You for Apc Loss

. knocks Humanitarian minister, Yilwatda By Israel Adamu, Jos  The North-Central All...

Ogbe’s Appo Role Boosts Africa’s Energy Future

Amgbare Ekaunkumo, Yenagoa   In a major boost for Africa’s oil...

Comandrthyann Drops Ep ‘beautiful

Johnson Mary-Ann Akalo who is better known in the...

Benue Apc Backs Alia for 2027

By Isaac Kertyo, Makurdi  As the 2027 general elections draw...

Plateau Group Rejects Mutfwang’s Move

By Isreal Adamu, Jos  Plateau state All progressive Congress Vanguard...

Prosperity Cup: Advance Dreams in Final

Amgbare Ekaunkumo, Yenagoa  Advance Dreams Football Academy of Yenagoa punched...

Bayelsa Plans Expanded Partnership With Zipline for Health, Agriculture

By Amgbare Ekaunkumo, Yenagoa  The Bayelsa State Government has announced...

Dangote Commends Bayelsa’s Economic Vision at Historic Mou Signing

By Amgbare Ekaunkumo, Yenagoa  Africa’s business magnate Aliko Dangote has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img