The management of Real Madrid and players which includes, first-team, Castilla squad and Basketball team have come to an agreement to take a 10% reduction in annual salaries owing to the coronavirus pandemic.

As long as the current season does not resume the reduction will continue, but if the situation exceed the 2019/20 season the wage cut will increase to 20%.

The other employees of the club will not be affected as they will keep earning 100% in wages.

Each of the teams was represented by their captains and directors of different departments of the club.

A club statement read “This decision was taken by players, coaches, and employees, avoids traumatic measures that affect the rest of the workers, as well as contributing to the economic objectives of the entity in view of the decrease in income that it is suffering these months as a result of the suspension of competitions and the paralysis of a large part of its commercial activities.
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