Bayern Munich, other Bundesliga clubs, take pay cut

Footballers at Germany’s top teams including Bayern Munich have agreed to take pay cuts to help other clubs survive the economic impact of the coronavirus, media reports said Tuesday.

Newspaper
Bild reports that players and club officials at champions Bayern, top
of the Bundesliga when the Bundesliga season was halted on March 13,
have accepted a 20 percent cut in their salaries.

Like all top European leagues the German top flight is losing income from broadcasting, sponsorships and ticket sales during the COVID-19 pandemic, with matches in Germany suspended until at least April 2.

Bayern has a massive wage bill which reached 336 million euros (364 million dollars) last year, almost half of club turnover.

Players at Borussia Moenchengladbach were the first in the Bundesliga to propose a pay cut, followed by others at Werder Bremen and Schalke 04. Borussia Dortmund and Bayer Leverkusen players are in talks over pay cut proposals with management.

Uefa formally postpones UCL, Europa League finals

Uefa announced on Monday that it has postponed the Champions League, Europa League and women’s Champions League finals, originally scheduled for May, due to the coronavirus pandemic, with no new date given.

European football’s governing body had already postponed the competitions until further notice earlier this month.

Uefa said that “no decision has yet been made on rearranged dates”.

“The working group, established last week as a result of the conference call among the stakeholders of European football, which was chaired by Uefa president, Aleksander Ceferin, will analyse the options available,” Uefa said in a statement.