Atletico slash players, coaching staff's salaries by 70%

Ross Houston
April 5, 2020

The first team, women's team and reserve team will all be affected by the pay cut, with the statement explaining that the first-team squad had agreed to supplement half of the 430 employees affected by the change, with the club's directors paying for the other half.

"All the members of the first team have signed an internal agreement with the entity that defines two different scenarios depending on the final configuration of this 2019-20 season", read a statement on the club website.

Atletico added that an agreement with the first team will enable the club to supplement the salaries of the 430 staff put on partial unemployment.

The players of Atletico Madrid, the temporary for 70 per cent of their salary to hand.

That means Simeone - who is the world's best paid manager on £36.2million a year or £700,000 a week - will have his salary reduced to just over £10m per annum or £190,000 a week.

Atletico's actions come in the face of inertia from English Premier League clubs.

Bundesliga clubs including Bayer Leverkusen, Borussia Moenchengladbach, Schalke 04 and Hoffenheim have also imposed pay cuts on players in order to adjust to their fall in income while there are no matches. The club announced that some amount of the money from the players' salaries will be used to pay other employees of the club.

On Wednesday, British politicans took the Premier League clubs to task for not adapting similar measures. "This exposes the insane economics in English football and the moral vacuum at its centre".

Premier League players have yet to agree to a wage decline with the Professional Footballers' Association (PFA) advising them to get in touch with the players' regulating body initially.

On Monday, Manchester United said they are confident they are under no pressure to ask players to take pay cuts.

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