Real Madrid considering possible wage cuts for next season

Real Madrid are studying another wage reduction for the club's playing staff having initially agreed for a cut of between 10 and 20 percent this season due to the Covid-19 pandemic. 

However, with football still not back, Madrid are now looking further ahead and high-ranking executives have discussed the possibility of asking the players to take another hit to their salaries, according to AS. 

Madrid's current reduction -- which was applied to players and directors -- does not affect the rest of the club's 800 strong staff,  

According to the report in AS, Madrid have budgeted this season for 822 million euros in revenue, but that amount is now in serious danger due to the financial consequences of the coronavirus crisis. 

In the best-case scenario, the club are preparing for a drop in income next season of around 20 percent (approx. 165 million euros) due to playing behind closed doors, loss of merchandising and no preseason tour or friendlies, plus losses in TV income and marketing. 

Given that, president Florentino Perez would have to find ways to make money in other areas. One of those areas is the players' wages. If the squad took a 30 percent wage cut, Madrid would save around 85 million in first-team salaries, plus another 15 million from the B team and the directors.