Arguably the richest club in the world has had to ask its players, coaches and other staff to take a pay cut. This action follows the likes of Atletico Madrid, and Barcelona.
The request and subsequent announcement means that the club will reduce wages from between 10 and 20 percent for the year.
The statement on the clubs official website realmadrid.com read:
“The players and coaches of the football and basketball first teams of Real Madrid, led by their captains, together with the main directors of the different departments of the club have agreed to voluntarily reduce their remuneration for this year by between 10% and 20%.”
“This decision, taken by players, coaches, and employees, avoids traumatic measures that affect the rest of the workers.”
“The club’s Business Committee strongly supports this decision, which it considers responsible and exemplary.”
“Real Madrid is proud of all those who make up this great family and of its unwavering culture of values, which is especially valuable in difficult times such as these.”
