Malaga have announced they will be suspending or terminating player contracts in order to ensure the club's survival amid the financial crisis brought on by coronavirus.
The Andalusian outfit reached the Champions League quarter-finals in 2013, but are now in Spain's second tier and have become the first club in the country to opt for collective redundancy after more than two months of inactivity due to Covid-19.
"Malaga Club de Futbol has made the decision to start the collective dismissal procedure as of today, May 19 2020," the club said in a statement on Tuesday.
"The Club communicates that it has taken the decision to present an employment regulation file for the termination and/or suspension of employment contracts."
Malaga went on to add that a number of measures were in place to alleviate the club's difficult economic situation and thanked fans for their understanding of the situation.
"The restructuring of the Club joins this package of necessary measures to ensure the survival of Malaga Club de Futbol," they said.
"The club thanks fans and season ticket holders for their support during these difficult times and asks for their understanding in light of this complex process that starts today and the club will endure in the coming months, with the sole purpose of committing to the future of the institution."
Malaga were relegated from LaLiga at the end of the 2017-18 season.
In February, Qatari owner Abdullah bin Nasser Al Thani was removed as their president for six months by a Spanish court.
