Madrid aims to cut € 75m in staff salaries

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first_imgReal Madrid is not in the red and it is managing to navigate the coronavirus crisis that also plagues the world of soccer. But whatever happens with the competitions, the entity looks beyond June 30. There is money in the piggy bank, from the surplus of previous years, but one of the intentions is not only to lighten the long payroll of 37 contract players, there is also an economic component: lighten the wage bill. This campaign has been 284 million euros in soccer salaries … It is necessary to cut in the cards and several are the names underlined by the entity. Adding up all those chips, Madrid aims to cut around 75 million euros. Part of those wages would be replaced by newcomers, although they would not be as high. Madrid would also save out there. Odegaard was winning € 3.5M (plus a € 50,000 bonus for each official game with the first team) before its last extension, last summer before leaving on loan to Real. His salary was improved and conditions that will improve even when his return to Madrid this summer is officially confirmed. Achraf he went to Borussia Dortmund with one of the lowest salaries of the first white team (€ 3m gross), but it will improve you too.A model of wage containmentMadrid has been a very content club in salary mass expenses. Their personnel expenses together with the rest of the entity’s workers (in Madrid the figure exceeds 800 employees) stand at 52% in relation to total operating income (before disposal of fixed assets). This is what the ECA (Association of European Clubs) calls the Efficiency Ratio and recommends that it not exceed 70%. The Madrid Nor was he in danger of the salary limit imposed by LaLiga for 2019-20, which in the case of whites was € 641M. According to its budget, the entity spent € 456M on the salaries of all its workers and although other factors (social security, bonuses, commissions to agents …) are taken into account, it was still far from that barrier. Therefore, Madrid had a mattress. Among other things, to haggle an ERTE at the moment. The problem comes now, because those operating expenses continue to plummet due to the COVID-19 crisis … Brahim, in the Cup match against Real this season.JOAQUIN CORCHERO ARCOScenter_img The first, in red and within a circle, is that of Gareth Bale. The Welshman is the best paid, his salary represents € 29 million to the entity (his net record of 14.5 million plus taxes), and sports is indicated by Zidane. It is a walking luxury. A very similar situation to James. The Colombian improved his contract before leaving on loan to Bayern and now it costs € 16.4M per campaign. Two footballers that Zizou has removed from the main table. Between them, they ‘consume’ € 45.4M of the budget. Bale’s salary could go, like communicating glasses, to Paul Pogba’s pocket if Zidane’s wishes are fulfilled. It is the great signing by hand, despite the pandemic. But the Welshman will make his departure very expensive. His agent, Jonathan Barnett, hinted at it his way in AS: “Gareth loves Madrid and the city, his history at Real will end with another Champions and perhaps another contract …”.With James the entity refuses to let it go for free, but his contract ends in 2021. It is now or never and its emoluments reduce potential candidates for a very fine bouquet. There are more situations in which their sports presence is not commensurate with the cost to the club. The most obvious is Mariano. Madrid tried as active and passive as it came out last season. The player’s salary has been € 8M gross this campaign … for just 65 minutesWhich is the only thing Zidane gave him. Case very similar to that of Brahim. The Marseillaise took just 170 minutes; the file of Malaga is about € 7M gross. Figure on the same scale as it is Odriozola, now on loan at Bayern. A place in the squad that Achraf will now occupy, in theory. Finally, there are two more cases of players who have left on loan and have a difficult time staying: Dani Ceballos (€ 6M gross) and Vallejo (€ 4M).last_img

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