Bayern, Dortmund players agree to pay cut due to coronavirus
The players of Bayern Munich and Borussia Dortmund have reportedly accepted a salary cut to help their respective clubs deal with the fallout due to the coronavirus.
The coronavirus pandemic is not only a devastating public health crisis; it will have lasting repercussions for the global economy, businesses and workers. And football clubs, who have been forced to suspend their activities due to the outbreak, are also suffering financially.
Nobody could have anticipated such a disruption to football clubs and the resulting impact, particularly for lower-ranking employees, who will have to wait quite a while to return to work as normal.
But, obviously, the biggest expenses that the clubs have to face are the salaries of the first team players, which, if reduced, could mitigate losses and at the same time help support those employees who will be most affected by this crisis.
And this is the reason for which the directors of Bayern Munich and Borussia Dortmund have spoken with their respective squads to ask them to accept a cut in their wages during the fallout due to the coronavirus pandemic, according to a report by Bild.
Bayern, Dortmund players asked to take 20% cut
The German outlet claims that both Bundesliga outfits have asked their players to take a 20% reduction in their salaries, which was deemed a sufficient figure to help the clubs face the losses caused by the coronavirus crisis.
Aware of the gravitas of the situation, players from both squads have reportedly agreed to the cut. The move from the two greats of German football will likely serve as an example for the rest of the Bundesliga clubs, who may now follow suit.
Barcelona players also to accept salary cut
The news from Germany comes after it was reported on Sunday that Barcelona’s players would also accept a salary cut, after they were told in a meeting that the club would likely have to adjust the 1.05-billion-euro annual budget approved by Blaugrana members at September’s general assembly.