Real Madrid’s top stars set to suffer coronavirus financial crisis

first_img Loading… Real’s wage budget is less than 50 per cent of their income whereas Barcelona’s is reported to be closer to 80 per cent which explains the different approach the two clubs have taken. Unlike other teams, Real have decided not to apply an ERTE – Spain’s temporary redundancy scheme, which is activated by the state of emergency in the country, with businesses losing profits. Gareth Bale is another of the highest-paid players at the club who may have to take a reduction Read Also: Barcelona agree to offload Firpo in the summer This is something Atletico have employed, as reported by El Mundo, in a bid to reduce costs and ensure the club’s survival. Espanyol released a statement confirming all players, coaches and physios of their men’s, women’s youth teams would take a 70 per cent pay cut. Spain are 16 days into a 30-day lockdown with only Italy suffering more deaths from coronavirus. FacebookTwitterWhatsAppEmail分享 Real Madrid believe pay cuts for their highest earners will become ‘inevitable’ as the coronavirus pandemic continues. Captain Sergio Ramos and president Florentino Perez had agreed salaries would not change Club president Florentino Perez and captain Sergio Ramos had previously agreed salaries would not be touched despite the financial implications of a prolonged break from the game. But with Madrid covering the wages of over 800 different people across all of its teams, it is now likely those with the biggest incomes will see a reduction in their wages, according to El Pais. Barcelona have already taken these steps with Lionel Messi announcing he and his team-mates would take a 70 per cent pay cut. But the club now cuts for their highest earners, such as Eden Hazard, will become ‘inevitable’ Other LaLiga clubs including Atletico Madrid and Espanyol have implemented similar measures. However, Real’s economic strength is said to be more flexible with a debt of just £24million in comparison to Barca’s which is thought to be around £193million.center_img Promoted ContentBest & Worst Celebrity Endorsed Games Ever Made5 Of The World’s Most Unique Theme ParksWhat Is A Black Hole And Is It Dangerous For Us All?Couples Who Celebrated Their Union In A Unique, Unforgettable WayTop 10 TV Characters Meant To Be IconicWhich Country Is The Most Romantic In The World?Who’s The Best Car Manufacturer Of All Time?6 Ridiculous Health Myths That Are Actually TrueEver Thought Of Sleeping Next To Celebs? This Guy Will Show You10 Risky Jobs Some Women DoBest Car Manufacturers In The WorldInsane 3D Spraying Skills Turn In Incredible Street Artlast_img

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