Bayern Munich players agreed to a 30% pay cut

During an interview, Bayern Munich GM Marko Pesic said that all the basketball players agreed to a 30% pay cut to help the team navigate during the COVID-19 emergency.

On the financial impacts of the Coronavirus pandemic on FC Bayern Basketball:

“Every team in the Basketball Bundesliga and the EuroLeague are facing enormous challenges. The financial impacts of the Coronavirus pandemic are also having a massive impact on us. In terms of ticketing revenue alone we’re looking at a seven-figure loss in revenue for this season, without including the BBL playoffs. We’re unable to say for sure how other areas may be affected. We’re hoping to be able to use the strong connections we’ve built with our community. Right now, it’s about determining our financial situation in order to ensure our future.”

on players and team employees waiving their salaries:

“We would like to thank the team, who have made a valuable contribution by waiving 30 percent of their salary. It gives us a chance of taking on this huge financial challenge ahead and also means we can compensate for any lost wages for our staff through the furloughing scheme. We would also like to thank our employees, including the managing board, who demonstrated collective solidarity and an understanding for the situation from the beginning. Everyone sees that it’s about pulling together. We hope that our fans and partners support this approach."