Real Madrid Players will get pay cut of upto 20% – But Why?

Players, Coaches and main directors of the football Club Real Madrid, will take a pay cut of upto 20% this year to help in fight against the deadly coronavirus.

Media reports said that Football in Spain suspended indefinitely since March, when the country declared a state of emergency.

Real Madrid said the decision to reduce pay was “taken by players, coaches and employees” to avoid “traumatic measures that affect the rest of the workers”.

The club’s basketball team have also agreed voluntary pay cuts.

Real Madrid said the move was “depending on the circumstances that may affect the closing of the current 2019-20 sports season”.

It added the decision would help mitigate a decrease in income “as a result of the suspension of competitions and the paralysis of a large part of its commercial activities”.

Announcement made last month that Barcelona players take a pay cut of  70% and make additional contributions to ensure non-sporting staff received full wages.

On the other hand, Premier League players launched a “collective initiative” to assist generate funds for  National Health Service and distribute them “where they are needed most”.

The initiative – named #PlayersTogether – set up to “help those fighting for us on the NHS frontline” amid the coronavirus pandemic.

It has partnered with NHS Charities Together (NHSCT).

Health Secretary Matt Hancock “warmly welcomed” the “big-hearted decision”. Hancock had previously said players should “take a pay cut and play their part”.

Former England captain and Match of the Day presenter Gary Lineker tweeted he was “proud of our players”. “Footballers are doing their bit as I was confident they would,” he wrote.

“Let’s hope that others in a position to help, those  not unfairly targeted, do likewise.”

More than 7,000 people died with coronavirus in the United Kingdom.