Football investor: Malaga layoffs could provide struggling teams with example for cutting wages post coronavirus
25 May 2020
The Spanish second-division club last week initiated collective redundancy to ensure their survival.
The move has enabled Malaga to get rid of their high-cost players on the cheap, paving the way for others to follow suit, according to football investor Alexander Janssen.
Another option potentially in the works is for Malaga to merge with third-tier club Marbella.
Malaga CF last week shook the football world when they began laying off staff and potentially their players in order to ensure their survival amid the economic uncertainty brought on by the coronavirus pandemic.
Representing a significant fall from grace for the Andalusian side, who were relegated from LaLiga Santander in the 2017/18 season and rose to popularity by reaching the Champions League quarter-finals in 2013, the decision could be an example for other clubs to do away with football's high-salary regime, according to Alexander Janssen.
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