Real Madrid Players Accept up to 20 Percent Pay Cut Amid Coronavirus Crisis

Real Madrid players have agreed to cut their salaries by as much as a fifth, the La Liga club announced on Wednesday, as Spanish football remains on hold due to the coronavirus 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 reported players will receive 10 percent less if the season is completed and 20 percent less if the current campaign is terminated.