Real Madrid’s players, coaches and “main directors” will take a pay cut of 10-20% this year as the club deals with the impact of the coronavirus pandemic.
Football in Spain has been suspended indefinitely since March when the country declared a state of emergency.
Real said the decision to reduce pay was “taken by players, coaches and employees” to avoid “traumatic measures that affect the rest of the workers”.
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The club’s basketball team have also agreed voluntary pay cuts.
Real said the move was “depending on the circumstances that may affect the closing of the current 2019-20 sports season”.
It added the decision would help mitigate a decrease in income “as a result of the suspension of competitions and the paralysis of a large part of its commercial activities”.
It was announced last month that Barcelona players would take a 70% pay cut and make additional contributions to ensure non-sporting staff received full wages.