La Liga slashes wage cap by 610 million euros for 2020-21 season
La Liga has slashed spending limits for its clubs by 610 million euros ($724.25 million) for the 2020-2021 season due to the financial impact of the COVID-19 pandemic, Spain`s top soccer league said on Tuesday.
The club had earlier imposed a temporary pay cut of 70% lasting from March to June, and got rid of several high earners, including striker Luis Suarez and playmaker Ivan Rakitic, in the close season.Source: Reuters