Real Madrid announce players and coaches voluntarily agree pay cuts amid lockdown

Real Madrid have anunced ir players and coaches have voluntarily agreed to take a pay cut in order to reduce club's expenses during coronavirus pandemic. club released an official statement on Wednesday to anunce club members have agreed to reduce ir salaries between 10 to 20 percent during lockdown.

Real Madrid pay cut anuncement

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Real Madrid pay cut: Players and coaches agree 10-20% pay cut

Real Madrid became latest club to anunce a pay cut for its players after LaLiga rivals Barcelona and Atletico Madrid anunced a reduction in salary by up to 70 percent. Real Madrid's statement read, 'This decision, taken by players, coaches and employees, avoids traumatic measures that affect rest of workers, as well as contributing to ecomic objectives of entity in view of decrease in income that it is suffering se months as a result of suspension of competitions and paralysis of a large part of its commercial activities.'

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Real Madrid worth: Club follows Barcelona and Atletico to anunce pay cut

Following likes of Barcelona and Atletico, Real anunced  decision in order to secure financial future of n-playing staff at club. Furrmore, club also ted that Real Madrid's business committee strongly supported call and lauded  players and members of club for 'voluntarily' agreeing to a pay cut during precarious situation. '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 se,' statement furr read.

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Real Madrid worth: Club works with local authorities for coronavirus relief

LaLiga has been suspended since March 8 as Spain continues to struggle with coronavirus outbreak. Real Madrid have been proactive during lockdown as club converted Santiago Bernabeu into a medical stor facility in order to aid coronavirus relief in Madrid. Several players of club have also come forward to pledge ir support for coronavirus relief in Spain and across Europe. Most tably, club captain Sergio Ramos anunced his partnership with UNICEF and that he will be donating 264,571 masks, 1,000 items of protective equipment and 15,000 tests to fight coronavirus in Spain. 

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