Real Madrid plan further salary cuts for players as pandemic wreaks havoc

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Real Madrid players will be asked to accept another pay cut as the club grapple with continued losses caused by the COVID-19 pandemic, sources have told ESPN.

The club are putting the finishing touches on this season's budget, which will be finalized in the coming days, and will then present a proposal to the first team.

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Sources told ESPN that the exact percentage of salaries players will be asked to forfeit has yet to be determined.

When this 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, coaches and senior managers, while the club decided not to spend money on new recruits during the transfer window. 'summer.

The team also agreed to forgo bonuses owed to them for winning La Liga this summer.

These measures have helped to protect the jobs of club workers and avoid the need for the club to make temporary job cuts, known in Spanish labor law as ERTE.

It remains to be seen how the players will react to this latest proposal. Sources told ESPN that in principle they were supportive of the club's situation.

Real Madrid's board has had to work hard to adjust its planning and minimize the financial damage in the face of the COVID-19 crisis.

Like other big clubs, they suffered a decrease in revenue from sponsorship 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 rather than in a Santiago. Crowded Bernabeu.

La Liga sources have told ESPN that Europe's biggest clubs can see a deficit of between € 3-4m per game at home, when all losses are factored in.

Spain's sports minister, Irene Lozano, suggested on Wednesday that there was a possibility that fans would be allowed to return to La Liga stadiums before the end of the 2020-2021 season if circumstances and a potential vaccine permit. .

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