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Sports News of Sunday, 12 April 2020

Source: www.mynigeria.com

Real Sociedad announce 20% pay cut for players

Fans will get 20% refund on season tickets Fans will get 20% refund on season tickets

Players of Spanish club side, Real Sociedad, will be getting a 20& pay cut, according to the club's announcement on Saturday.

The move was instigated by the management due to the effect of the deadly coronavirus pandemic that has left Spain with at least 166,019 infections and 16,972 deaths.

With the Spanish La Liga on indefinite suspension, the club said that it will cut the player's salaries by 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.

"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," the club's statement read.

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% if the season resumes and 20% if the league is abandoned.

Barcelona and Atletico Madrid have cut salaries by 70%.

Punch/AFP.