Schalke planning introduction of €2.5 million annual wage cap
29 June 2020
The heavily indebted club would under the plans no longer accept employees with demands exceeding that amount.
Winless in sixteen games until the Bundesliga's conclusion, Schalke have liabilities of almost €250 million.
Schalke are planning to introduce a wage cap of €2.5 million annually, according to German newspaper Süddeutsche Zeitung, as they seek to cut costs amid questions of the club's high level of debt.
Accordingly, they might become one of the first club's in Europe to implement a self-imposed wage cap, after support for a league-wide upper limit seemed to dwindle as football started to come back.
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