Due to the problems created by the pandemic, the football club Malaga CF, in Spain, decided to basically fire all the players. The team is now in Segunda División, but they actually played in the Champions League in 2012-2013.
Translation from Spanish below:
As of today, the management of Málaga Club de Fútbol, SAD has communicated to the professional footballers staff its intention to initiate a collective dismissal procedure.
The Club has been forced to make tough decisions in recent months. On this occasion, the restructuring will directly affect the squad of the men’s first team.
This new restructuring joins the economic plan that seeks to get the Blue and White club out of the complicated financial situation in which it continues to be immersed despite recent efforts.
Málaga Club de Fútbol is obliged to take this step for the good of the Entity (Company) and hopes that Malaguista subscribers and fans understand and support this new effort whose sole objective is to create an acceptable and competitive structure with which to give back to Málaga Club de Fútbol the lost illusion.
Source: Malaga CF Official Site