La Liga slashes wage cap by 610 million euros for 2020-21 season | Soccer Information

La Liga has slashed spending limits for its golf equipment by 610 million euros ($724.25 million) for the 2020-2021 season as a result of monetary impression of the COVID-19 pandemic, Spain’s prime soccer league mentioned on Tuesday.
Barcelona’s wage cap has been lower to 382.7 million euros from final season’s 671 million euros, whereas defending champions Actual Madrid can spend 468 million euros, down 172.5 million euros from final season’s spending restrict.
Barcelona, who posted an after-tax lack of 97 million euros for the 2019-20 monetary yr, initiated a contemporary spherical of pay cuts final month regardless of opposition from a number of gamers.
The membership had earlier imposed a brief pay lower of 70% lasting from March to June, and removed a number of excessive earners, together with striker Luis Suarez and playmaker Ivan Rakitic, within the shut season.
Atletico Madrid, who completed third final season, might be allowed to spend 252.72 million euros in 2020-21, down practically 96 million euros from final season’s 348.50 million euros.
“This squad spending restrict denotes the utmost quantity that every membership can spend… together with spending on the primary staff in relation to gamers, the supervisor, assistant supervisor and health coach,” La Liga mentioned in a press release.

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