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REAL MADRID PLAYERS TO TAKE PAY CUT


Spanish side, Real Madrid players have agreed to cut their salaries by as much as a fifth, the La Liga club announced, as Spanish football remains on hold due to the corona virus pandemic.

 

In a statement, Real said players and coaches from the side’s football and basketball teams, as well as key directors, had voluntarily agreed to the reduction, of either 10 or 20 percent, “depending on the circumstances that may affect the closing of the current 2019/20 sports season”.

 

Real didn’t say what circumstances would affect the rate of salary cut, but Spanish media reports that players will receive 10 percent less if the season is completed and 20 percent less if the current campaign is terminated.

 

Over 14,000 people have died from COVID-19 in Spain, the second worst-hit country from the virus after Italy, with 146,690 registered cases.

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