Real Madrid implement 10 percent pay cut

Real Madrid are continuing to make cuts in an attempt to manage the financial difficulties brought about by COVID-19.

There has been much talk all season of the proposed pay cut which the club insist is necessary to keep them afloat, leading to disagreements throughout the campaign, but the salary reduction has now been implemented.

Directors and main executives have seen their income reduced by 10 percent, as was agreed in face of the financial situation created by the pandemic.

The Real Madrid playing squad and staff have negotiated their own individual deals after an overall pay cut figure was rejected, and they are all now aware of their own personal reductions.

Finding 70 million euros

The club reportedly needed to find 70 million euros in order to balance the books, but this measure has gone some way towards meeting that figure.

Source of the article

Author: XenBet

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