The crisis caused by the outbreak of coronavirus affected clubs, both large and small. However, Real Madrid dealt with it in a completely different way, for example, with Barcelona.
Real Madrid deals different way
The crisis caused by the outbreak of coronavirus affected clubs, both large and small. However, Real Madrid dealt with it in a completely different way, for example, with Barcelona. The Catalan club is just one of many who have sought to lower salaries to reduce some of the financial blow they will take. But this is not a measure that Los Blancos is prepared to consider. Real is faced with a situation much better than many other clubs around the world because of how they managed, the health of their treasury, and their accumulated funds. However, their good financial health does not ignore the fact that not generating income from TV shows, museum tours, or goods sold in stores for at least two months would be a significant financial loss.
The clubs must to cut salaries
Several presidents of Spanish clubs revealed that it was some of the players themselves who insisted on the measures they saw in clubs like Barcelona, with the first team taking a 70 percent pay cut until football starts again. FIFA recommended that clubs do this, but they do not have the legal authority to enforce such a decision. Real Madrid analyzes everything that happens, while cash desk revenues have disappeared, sponsors’ incomes began to be felt, and then the issue of TV rights. Regarding TV rights, Laliga has already transferred money. But 29 percent of the matches have yet to be played and, consequently, can be collected. Having said that, if there is no transfer of games, there is no money.
Real would not go beyond a 10 percent
In addition to this, it is still not clear what will happen to the Champions League. This will have a significant collision on the market pool available for the next season. The directors of Real Madrid have not yet talked with the players. They are aware of the situation in the squad – but they are studying possible conditions to minimize the potential impact. As such, Real Madrid would not go beyond a 10 percent drop in salaries. But only after it analyzed in detail everything that was happening and made decisions together. In addition to Real Madrid players, there are a total of 400 employees in their football and basketball teams.