European giants, Real Madrid will be cutting down the pay of its players as the club deals with the ongoing losses caused by the COVID-19 pandemic.
According to ESPN sources, the Spanish club are currently putting the finishing touches to the 2020/21 season’s budget, then the pay cut proposal will be presented to the first team squad.
It is unclear the exact percentage of salaries that the players will be asked to give up.
Some of the players who the club will be talking to include; captains Sergio Ramos, Marcelo, Karim Benzema and Raphael Varane.
Real Madrid will ask players to take another pay cut according to reports
— Sarafina Napoleon (@FinaNapoleon) November 12, 2020
In April, a first pay cut of between 10% and 20% was agreed for players, coaching staff, and top executives, while the club decided not to spend money on new signings during the summer transfer window.
The squad also agreed to give up bonuses they were owed for winning La Liga this summer.
Those measures helped protect the jobs of club workers and avoid the need for the club to implement temporary job losses, known in Spanish employment law as an ERTE.
It remains to be seen how the players will respond to this latest proposal.
