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Real Madrid wants to reduce costs by 190 m euros and negotiate 15-20% pay cut

Real Madrid wants to conclude agreements with its staff and players regarding salary cuts due to the coronavirus pandemic crisis.

According to AS, Real’s financial plans for the near future have become known.

At the end of last season, players agreed to a 10% wage cut, and now Real hopes to increase this percentage to 15 or 20 and the management plans to reduce costs by 190 million euros. 

Madrid will then take up the issue of extending the contract with team captain Sergio Ramos.

These negotiations are expected to be completed by the end of 2020.

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