Real MadridTOBalanced balance with the reduction of salary of players and executives
Real Madrid has saved the present. For the same thing to happen in the future, the foundations are being laid and the starting point is the absence of signings for the upcoming season. The decision is firm in an attempt to cushion the blow that the absence of some200 million euros in revenueuntil football recovers the normality of full stadiums and their exploitation.
The leaders of the white club have managed to balance numbers and due to the good economic health they had, the reduction of some supplier contracts and, especially, theten percent pay cut for players and executives of the entity, the economic balance of the current season will be balanced, saving a delicate moment, although the worst is yet to come.
The step taken by the football and basketball teams, accepting the reduction of ten percent of the salary (subscribed by all) in case the competition returned,amount that would have been increased to 20 percent if the return of the sport had been canceled.The Euroleague has been the only tournament that has brought to a close those that each season the teams of the Madrid entity face at a professional level.
The contribution of employees at the director level has also been essential, as the nopen egociations with some providersfor a reduction in contracts for six months. Measures, all of them, that have served so that the balance can be closed without losses or gains and, above all, without any cut in the salaries of the vast majority of employees except those previously mentioned.The saving in salaries speaks of 40 million euros.The budget for the 2019-2020 campaign is 822 million euros.
Now the nextchallenge set by Florentino Prezis to minimize the impact that the stadium can have at half gas and what it means of income (a third of the budget) until the month of January. The plans speak, as this newspaper said,to see thirty percent of the capacity covered at Bernabu at the start of LaLiga 20-21, who at Real Madrid are convinced that it will not be before October.
Starting in January, white managers hope to recover the rhythm and thatSantiago Bernabu is once again the economic locomotive for the club, without forgetting other aspects such as marketing, stopped in these months without competition and that is another of the sectors that has lowered its income.
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