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clubs LaLiga Spain | España

Real Sociedad cut salaries, refund season ticket holders 20%

MIAMI, Fla. (20-Apr-2020) —

Real Sociedad de Fútbol, S.A.D., better known simply as Real Sociedad, said they were cutting players’ wages by up to 20 per cent in an attempt to stabilise the club’s budget during the coronavirus crisis.

“An agreement has been reached with the first team for the reduction of their wages by 20% in case the league does not resume this season, and by 5% in case the season can start again,” said a club statement on Saturday.

“This decision, taken with all of the parties concerned, helps us avoid traumatic measures for the rest of our employees and helps to balance the club’s economic objectives in the face of a drop in income suffered after the suspension of competition.”

Real Sociedad also announced a 20% refund on season tickets for its supporters. At the time of the La Liga suspension last month, Real Sociedad were in fourth place in the championship.

They had also qualified for the Copa del Rey final against Athletic Bilbao in Seville on a date still to be decided.

Real Madrid had already announced wage cuts, estimated by Spanish media to be 10 per cent if the season resumes and 20 per cent if the league is abandoned. Barcelona and Atletico Madrid have cut salaries by 70 per cent.

Spain is one of the worst-hit nations by the virus which has already claimed more than 16,300 lives in the country.

(This story has not been edited by Russo Soccer staff and is generated from a syndicated feed.)

By Ken Russo

My work in the business of soccer applies skills acquired in law practice with a focus on the sport's commercial, communications and sporting components. Russo Soccer aims to inform, educate and engage in dialogue on news and relevant issues in the game.

Um advogado por formação, concentro meu trabalho nos negócios, comunicações e operações de equipes no futebol mundial. | Abogado con fundación avanzada en comunicaciones, enfocado en los negocios del fútbol y las comunicaciones. | Je suis un avocat experimenté dans les affaires de football.

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