• Report: The disturbing semaphore of football's economic health: the inequalities of the League

The suspension of the League due to the coronavirus has caused a hole in the accounts of football clubs and, although their draft has not been the same for all La Liga teams, what was moving on the financial wire have decided to act as Sports Public Limited Companies (SAD) and use the legal instrument that allows you to reduce losses. They announced that FC Barcelona, ​​Espanyol, Alavés and Atlético de Madrid would do it, but then Sevilla joined and Valencia will also . They have all agreed with their players on a salary cut, but are running Ertes to ease the costs of non-sports personnel .

At the beginning of the crisis, Valencia announced that it would not present a regulation file and would guarantee the salaries of its employees. This was made known to him by letter. A month later, the situation has changed and today he will communicate how he applies this measure.

At first, the temporary employment regulation was linked to the agreement with the first template (whose salaries with the main part of an expense of 184 million in wages ) to lower their chips. If they did not accept, the Erte would arise. But the players agreed: they would charge 18% less if the League did not resume and would only suffer a 9% cut if, as seems to be foreseen, the last 11 days were held behind closed doors.

However, this reduction accepted by "players and coaches of the first team and youth team, in addition to senior management " has not prevented Erte for the rest of the employees "to guarantee the economic sustainability of the club at a time of difficulty and uncertainty", The club explained in a statement, where it is not specified whether the "top management" also applies those same percentages of cuts.

The entity, in addition, promises to make "a complement of income to a very high percentage of its workers."

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  • Valencia CF
  • Coronavirus
  • Covid 19

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