BANKRUPTCY: Real Madrid's new salary cut ready to be put into action 1

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Real Madrid are sealing a deal for a second salary cut with their players and staff. Newspaper ABC revealed the board led by Florentino Perez will bring wages down by 10-15 per cent for the fist teams of the football and basketball sides, Madrid’s B team and the directors.

BANKRUPTCY: Real Madrid's new salary cut ready to be put into action 2

They took a pay-cut in April already because of the economic impact of the coronavirus. Then it was agreed they would take a 10% cut, saving 39 million euros. If now it is 15%, it will rise to 58.5 million euros saved.

One of the big impacts is not having fans at games buying tickets, although the club were able to take advantage by doing some renovation work at the Bernabeu while playing at the Di Stefano.

 

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