COVID-19: Real Madrid do not need to cut wages

first_img A number of La Liga clubs have announced they are activating an ERTE – Spain’s temporary redundancy scheme which is activated by the state of emergency within the country, with businesses losing access to their profits.Advertisement Real Madrid have no pressing need to reduce their wage bill in the coming months due to the economic strength of the club, report Marca. Promoted ContentCan Playing Too Many Video Games Hurt Your Body?8 Things You Didn’t Know About Coffee9 Facts You Should Know Before Getting A Tattoo2020 Tattoo Trends: Here’s What You’ll See This Year6 Extreme Facts About HurricanesFantastic-Looking (and Probably Delicious) Bread ArtYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime7 Ways To Understand Your Girlfriend BetterA Hurricane Can Be As Powerful As 10 Atomic Bombs8 Ways Drones Will Automate Our FutureThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreHere Are The Top 10 Tiniest Mobile Phones On The Planet! As outlined by El Mundo last week, Atletico de Madrid have declared an ERTE to reduce costs on employees: “With the sole objective of guaranteeing the survival of the club.” An Espanyol statement also confirmed 70 percent pay cut for all players, coaches, physios of their men’s, women’s and youth teams while a report in Cadena Cope has outlined how Barcelona are doing similar. However, Madrid’s wage budget is less than 50% of their overall income while Barcelona’s is said to be closer to 80% – hence the difference in prioritising a wage reduction for staff.center_img Loading… Read Also: Barcelona facing €100M loss amid Covid 19 outbreakIt is also outlined how Cristiano Ronaldo’s €100m sale to Juventus alongside Madrid continually to operate on a profit highlights their economic proficiency.The coronavirus outbreak has brought sport across the world to a halt with Spanish football suspended indefinitely – meaning that all clubs have no income from matchdays or, for the elite clubs, their museums.Spain is now behind only Italy on the global scale for the most deaths due to the virus, with the nation now 15 days into a 30-day state of lockdown.FacebookTwitterWhatsAppEmail分享 last_img read more