Real Madrid Cut Player Salaries to Face the FinancialCcrisis

DBasia.news – Real Madrid continues to make actions to overcome the financial difficulties caused by the Covid-19 pandemic.

There has been a lot of talk throughout the season regarding a proposed pay cut that the club says is necessary to keep them afloat. It caused strife throughout the season but a pay cut has now been implemented.

The income of the directors and chief executives has been reduced by 10 percent, as agreed in the face of the financial situation that has resulted from the pandemic.

The Real Madrid squad and staff have negotiated their own individual deals after pay cuts were rejected by most parties.

According to Marca’s report, Los Blancos need to find 70 million euros to balance the balance. The move to cut wages has so far been considered successful in meeting this valuation.