Atletico Madrid has temporarily cut players’ and coaches’ wages by 70% in order to cope with the financial impact of the coronavirus pandemic but guaranteed a full salary for their other employees, the Spanish club said on Thursday.
Atletico Madrid cut players’ wages to safeguard employees’ pay.
The move follows that of La Liga rivals Barcelona, whose players agreed to an extra pay cut in addition to a club-imposed 70% reduction while football is on hold, in order to ensure non-playing staff earned their full salaries.
Those decisions contrast with several Premier League clubs such as Tottenham Hotspur, Norwich City and Newcastle United, who have faced criticism for cutting the wages of staff during the pause in matches while making no reduction to players’ often multi-million-pound salaries.
Atletico Madrid cut players’ wages to safeguard employees’ pay
Bundesliga clubs including Bayer Leverkusen, Borussia Moenchengladbach, Schalke 04 and Hoffenheim have also imposed pay cuts on players in order to adjust to their fall in income while there are no matches.
Italian champions Juventus last week announced a compensation reduction for the remaining part of the season equal to four months’ pay.
Atletico’s statement said it had requested the temporary pay cut, referred to in Spain as an ERTE, in order to “safeguard the economic viability of the club” and guarantee its future.