MADRID – Real Madrid will present a plan for cuts to the first squad, as confirmed by ESPN. The club has to first approve the budget for the season, something it will do in the coming days, and then present the established plan to its players.
The Madrid directive tries to adapt their situation to the coronavirus crisis to prevent the club from suffering from losses. Precisely for this reason, last April a similar reduction was made, not only with the salaries of the first staff, but also with the salary of its senior executives.
It remains to be seen which is the predisposition of the staff in this second proposal. From the first tests that ESPN has made, it seems that the players understand the situation of the club, at least a priori.
In fact, the players also waived the bonuses for winning La Liga, which were within the initial agreement. The intention of both the players and the board was to avoid at all costs an ERTE that would affect the workers of the entity. With everyone’s effort it was achieved.
The estimated losses due to the COVID-19 crisis for the big European clubs are in the millions. First, due to the decrease in investment in advertising at a global level and, second, due to the lack of income at the ticketing level in both LaLiga and Champions League matches. In fact, sources from the League itself reveal to ESPN that the deficit ranges between 3 and 4 million euros per home game in the European giants.
Real Madrid, at the moment, is in an initial phase of cutting with its squad. It still remains to estimate exactly the exact percentage of the proposed salary cut and sit down with the captains of the staff to finish negotiating an agreement that will ensure the stability of the entity above all else.