La Liga giant Real Madrid is not considering the possibility of slashing the salaries of its players amid the coronavirus outbreak, a report from Spain has revealed. The Santiago Bernabeu outfit is said to be studying possible situations in order to minimize the possible impact of the economic difficulties presented by the pandemic.
The absence of football has taken a massive toll on revenue generation in leagues all over the world with the COVID-19 crisis still being managed. Top clubs in Spain, including Barcelona and Atletico Madrid, have already taken the initiative to lower the wages of their players and technical team members to ease the financial burden on them.
For Los Blaugrana, the playing and coaching bodies have been made to give up about 70 percent of their salaries during the hiatus - an arrangement that has sparked controversy among the affected parties. Relatively, Los Rojiblancos stars were also asked to abide to a compulsory wage reduction scheme, a decision the club's CEO Miguel Angel Gil described as "extremely difficult".
Meanwhile, Real Madrid is yet to join the two other top clubs in managing its economy by demanding for a pay cut from its stars. Although the club has players such as Eden Hazard and Gareth Bale whose weekly salaries sit in the region of £400,000, Marca has enough reason to stipulate that the club is financially sound and is not considering an immediate slash of the players' wages.
Per the Spanish publication's account, both the players and the Real Madrid hierarchy acknowledge the problem at hand and decision-makers will continue to analyze "everything that is happening in detail". The club's board is also yet to address the players.
Marca claims that any drop in salaries will not go beyond 10 percent should the need be.