The Real Madrid squad, like Castilla and the basketball section, reached an agreement with the club on Wednesday to lower their salary by 10% if the competition resumes and 20% if they do not it can be played again this season. The decision, taken “voluntarily” by players, coaches and top executives from the different directions of the club, “avoids traumatic measures that affect the rest of the workers,” said Real Madrid.
The white club considers that this reduction also “contributes to the economic objectives of the entity in view of the decrease in income that it suffers these months as a result of the suspension of competitions and the paralysis of a large part of its commercial activities.”
“The club’s Works Committee emphatically endorses this decision, which it considers responsible and exemplary,” said Real Madrid through a public statement, in which it was “proud of all those who make up this great family and their unwavering culture.” of values, which becomes especially valuable in times of difficulty like this ».
The negotiation for the reduction of the annual salary, carried out between the captains, with Sergio Ramos in charge, and the CEO of Real Madrid, José Ángel Sánchez, and will result in at least a saving of around 50 million euros for the club. If the season could not be resumed, the resignation of the staff at 20% of their salary would therefore mean about 100 million.