Spanish league and players still far apart on salary cuts
MADRID: The Spanish league and players are still far apart on the size of the salary cuts they need to take to help reduce the financial impact caused by the coronavirus outbreak, with the footballers saying the organization wants them to carry nearly half the total losses.
The league and the players’ association have been in talks to try to find ways to mitigate losses that could reach nearly 1 billion euros ($1.08 billion) if the season cannot be restarted because of the pandemic.
The players have said they are willing to reduce their salaries, but not as much as the league or the clubs want.
“After analyzing the current circumstances of the sector and given the distance in conversations with the players’ association, it is necessary to adopt measures in view of the serious economic crisis that COVID-19 is causing in the Spanish soccer industry,” the league said in a statement.
It also added that government furloughs are “an exceptional mechanism to avoid and mitigate the negative impact that COVID-19 is having on the sector, and thus guarantee its subsequent recovery.”
According to media reports, the league expects losses of 957 million euros ($1.03 billion) if the season is canceled, with 303 million euros ($327 million) lost if it resumes with games in empty stadiums and 156 million euros ($168 million) of deficits if it continues with fans. - AFP