Borussia Mönchengladbach sporting director Max Eberl praised his team for opting to forgo portions of their salary last spring while simultaneously insisting that they would not be expected to do so this season.
|Max Eberl.||Photo: Muffutz, CC BY-SA 3.0|
With virtually every Bundesliga club reporting record losses, the issue of player salary deferments would conceivably remain on the table for all 18 organizations forced to contend with the lack of gate receipts from fans.
BMG boss Max Eberl rebuffed the very notion in a Thursday presser, claiming that his team's participating in the 2020/21 UEFA Champions League would prove sufficient to cover all player wagers.
"At the moment, there are no salary cuts being considered," Eberl told journalists, "because we play in the [European club] competitions. As things stand today, there exists no reason for us to demand a salary waiver from the team."
Gladbach managing director Steven Schippers also confirmed that the UCL TV money went a long way toward ameliorating the club's fiscal losses. "At the beginning of the pandemic, we operated under the assumption of an approximate €40 million loss," Schippers remarked earlier in the week, "In the meantime, we've been able to reduce that somewhat through sporting success in the Champions League and other cost cutting measures."
The fact that die Borussen can proceed without even considering approaching its players about salary renouncements thanks to TV money demonstrates just how vital this influx of cash proves. The issue generates so much controversy as, in the COVID Era, a fan-owned German football club may preside over no other stream of revenue.
Last season, when Gladbach were participating neither in the Champions League nor the Europa league, club and players agreed to salary deferments for the period stretching from mid-March through the end of the season in June.
"The players immediately offered to waive part of their salaries so that Borussia employees could keep their jobs," Eberl noted, "We were very, very grateful for this."
The 2020/21 campaign brings with it a different financial landscape; one in which no such actions are necessary. UCL money makes all the difference.