Bayern Munich: 20% pay cuts
German powerhouse Bayern Munich have cut the wages of their top stars by 20%.
The move, confirmed by the Times, has been agreed due to the outbreak of the coronavirus.
The Bundesliga, like all of the major leagues around the world, is currently suspended.
That’s put the salaries of many club employees under great risk, as football revenues dry up. The Times have revealed:
Bayern Munich’s first-team squad and board have agreed to take a 20 per cent pay cut while there is no football due to the coronavirus pandemic.
Bayern’s annual wage bill is roughly £308 million, so the gesture has saved the club tens of millions of pounds.
Bayern stars also get involved in raising funds
A couple of days ago, we also reported on how several Bayern Munich stars have already gotten involved in the fight against Covid-19.
Poland international striker Robert Lewandowski has donated one million euros to the fight against the spread of coronavirus.
Meanwhile, Leon Goretzka and Joshua Kimmich have set up a fund – We Kick Corona – to help in the fight against the epidemic.
Borussia Dortmund stars also take a pay cut
Financial problems also loom large at the Signal Iduna Park, and BVB are reacting.
Kicker have claimed that BVB chief executive Hans-Joachim Watzke will forgo a third of his monthly wage packet of €160,000 (£147,000).
Meanwhile, German newspaper Bild have also reported that Borussia Dortmund’s stars are also planning to take a 20% pay cut in their wages.
Dortmund’s wage bill is around €140 million a year, so the measures could save the club around €2.3m a month to pay the wages of other club employees.