Players from German Bundesliga clubs Bayern Munich and Borussia Dortmund have accepted a 20% cut in their contractual salaries as novel Coronavirus pandemic has brought all the league action to a standstill.
The major decision to salvage the situation when football club’s revenue streams are drying due to COVID-19 enforced lockdown was reportedly arrived at meeting between the club management and players’ representatives earlier this week.
Now it appears Dortmund playing staff have accepted a reduction to their wages by as much as 20 per cent as a result of the current climate. Bild adds that another proposal in Monday’s meeting was to reduce pay by ten per cent if the league resumes behind closed doors, SportsPro Media has reported citing German media reports.
Dortmund boss Lucien Favre had taken the lead with an announcement that he would surrender a part of his annual salary package of approximately €4.5 million ($4.8 mn).
Defending champions Bayern look set to follow suit with their own 20 per cent pay cut. Chiefs at the Bavarian club, including Karl-Heinz Rummenigge, Oliver Kahn and Hasan Salihamidzic, reportedly agreed to the package during talks with leading players such as Manuel Neuer, Thomas Muller, Robert Lewandowski, David Alaba, Joshua Kimmich and Thiago.
Another Bundesliga club Schalke is expected to follow suit. The teams are one of an increasing number of sports clubs, franchises and properties looking to cut salary expenditure and save jobs as the Covid-19 outbreak continues to decimate the sporting calendar.
Spanish football champions Barcelona are also reported to be in talks with their highest-earning players to cut down wages. The salary cuts would also apply to the club’s women’s team and their basketball team.
English second-tier club Birmingham City have become the first Championship side to ask players to take wage deferrals. Those earning more than UK£6,000 (US$7,100) per week will have to accept a 50 per cent pay cut to their pay for the next four months. The squad will be paid back in stages once the season resumes.