JAKARTA - The crisis caused by the COVID-19 outbreak or the corona virus has affected clubs large and small, but Real Madrid is dealing with it in a very different way from Barcelona, for example.
The Catalan club is just one of many clubs that have sought to reduce the salaries of their players to reduce some of the financial hit they have suffered, but this has not been done by Los Blancos.
Real Madrid, as MARCA put it on Monday, March 30th, are facing this situation in a much better way than many other clubs in the world because of the way they manage the team, the sound finances and the funds they have raised.
However, their healthy economic health does not ignore the fact that there is no income from TV rights, museum tours or merchandise sold in shops. At least two months this will be a huge financial loss.
Several Spanish club presidents have spoken with MARCA and revealed that it is a number of players who are directly driving the steps the club is taking in terms of cutting wages in the main squad. Like Los Blaugarana, who cut 70 percent of squad wages until football started again.
FIFA recommends that clubs make pay cuts like Barca's, but they do not have the legal power to enforce such a decision.
Real Madrid analyzed everything that happened, with lost revenue from ticket sales, reduced sponsorship income, and then there was the TV rights issue as well.
As for TV rights, La Liga has already transferred the money, but 29 percent of this season's games have yet to be played. Therefore, if there are no matches, there is no money.
On top of all this, it remains unclear what will happen to the Champions League and this will have a significant impact on the availability of funds allocated for the next season.
Officials at Real Madrid have not spoken to the players even though the entire squad is aware of the situation. However, they are studying possible situations that will occur to minimize the impact that might occur.
As such, a club will not cut a player's salary above 10 percent if it hasn't analyzed everything that happened in detail and made a joint decision. Apart from the football and basketball team players, Real Madrid has a total of 400 employees on their payroll.
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