Spanish giants Real Madrid have announced its players, directors and coaches have agreed to a 10-20 per cent pay cuts amid the coronavirus pandemic.
“This decision, taken by players, coaches and employees, avoids traumatic measures that affect the rest of the workers, as well as contributing to the economic objectives of the entity in view of the decrease in income that it is suffering these months as a result of the suspension of competitions and the paralysis of a large part of its commercial activities,” the club statement read.
“The club’s Business Committee strongly supports this decision, which it considers responsible and exemplary.
“Real Madrid is proud of all those who make up this great family and of its unwavering culture of values, which is especially valuable in difficult times such as these.”
La Liga has been postponed since March and will not resume until the end of May at the earliest, although even that appears ambitious despite president Javier Tebas’ publicly-stated ambitions.
Spain has been hit particularly hit by the coronavirus, going into lockdown on March 14, with almost 150,000 confirmed cases and almost 15,000 deaths.
The club statement added: “In the same way, Real Madrid, its members and fans, want to show all their love and solidarity to those who have suffered the direct consequences of this disease that is hitting us all, especially those who have lost a family member or loved one.
“The club wishes a quick recovery to all the sick people and wants to transmit its deepest gratitude to all the people who are playing an essential, exemplary and solidary (sic) role in the fight against COVID-19.”