Sports

Real Sociedad cut player salaries by 20 percent

Real Sociedad said Saturday they were cutting players’ wages by up to 20 percent in an attempt to stabilise the club’s budget during the coronavirus crisis.

“An agreement has been reached with the first team for the reduction of their wages by 20% in case the league does not resume this season, and by 5% in case the season can start again,” said a club statement.

“This decision, taken with all of the parties concerned, helps us avoid traumatic measures for the rest of our employees and helps to balance the club’s economic objectives in the face of a drop in income suffered after the suspension of competition.”

Real Sociedad also announced a 20% refund on season tickets for its supporters.

At the time of the La Liga suspension last month, Real Sociedad were in fourth place in the championship.

They had also qualified for the Copa del Rey final against Athletic Bilbao in Seville on a date still to be decided.

Real Madrid had already announced wage cuts, estimated by Spanish media to be 10% if the season resumes and 20% if the league is abandoned.

Related posts

BREAKING NEWS: France’s Ligue 1 2019/20 Season Is Cancelled

ICON

AFCON 19: The Coach Selection Is A Factor For Ghana’s Draw – Stonebwoy

Elijah Donkor

It would only be “fair” to award Liverpool the EPL Title if The Season Is Not Completed Because Of Coronavirus” -Man City’s Ilkay Gundogan

Richly Paintsil

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

close

Enjoying this blog? Please Subscribe to other Channels & spread the word :)