Atletico Madrid players will take a 70 per cent pay cut in order to help pay the salaries of 430 club employees.
Atletico’s men’s and women’s first teams, plus Atletico Madrid B and related coaches, have signed an internal agreement with the club.
A statement from Atletico’s official website confirmed the agreement defined two different scenarios depending on the decisions made on either completing or cancelling the 2019-20 season.
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The statement read: “The cessation of activity that has meant the declaration of the state of emergency in Spain as a result of the Covid-19 health crisis, has caused Atletico Madrid to have to study measures to safeguard the club's economic viability.