Bayern Munich and Bundesliga players take pay cut
Bayern Munich and other German Bundesliga clubs players have agreed to cut their salaries to help their clubs cope with the crisis created by the coronavirus pandemic.
According to reports on Tuesday by the newspaper Bild and other German media the Bavarian giants have taken the option in order to help their club meet the financial obligation amid a crisis looming with a lack of incoming revenues.
Bayern players, members of its board of directors and its supervisory board have accepted the 20 percent reduction in their emoluments. Expenditures on salaries represented €336.2 million for the Munich club.
Borussia Mönchengladbach were the first to take a pay cut followed by their colleagues from Werder Bremen and Schalke. Borussia Dortmund and Bayer Leverkusen are the negotiations with the players to how much a pay cut they will take.