Juventus players and coaching staff have agreed to take a significant pay cut in order to help the club through the coronavirus crisis.
The club’s spending has sky-rocketed in recent years, with Juventus spending big on the likes of Cristiano Ronaldo in 2019 for a fee of around £99m.
But the club’s finances are set to be heavily impacted by the postponement of Serie A and there’s ongoing uncertainity whether the league season, as well as European competitions, will be able to be completed.
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All clubs are set to suffer financial losses but Juventus’ wage bill is the highest in the league with the likes of Ronaldo rumoured to be on £400,000-a-week.
But the club confirmed on Saturday that the squad, alongside the coaching staff, have agreed to forgo 50% of their salary for the next four months.
‘Juventus Football Club S.p.A. announces that, due to the current global health emergency is preventing the performance of the sporting activity, it has reached an understanding with the players and the coach of the First Team regarding their compensation for the residual portion of the current sport season’ a statement read.
‘The understanding provides for the reduction of the compensation for an amount equal to the monthly payments of March, April, May and June 2020. In the coming weeks, personal agreements with the players and the coach will be finalised, as required by the current regulations.
‘The economic and financial effects of the understanding reached are positive for about EUR 90 million for the 2019/2020 financial year.’
Three Juventus players – Daniele Rugani, Blaise Matuidi and Paulo Dybala – have already tested positive for the disease.
Italy is the worst his country in the Europe and they surpassed 10,000 deaths on Saturday as a further 919 deaths were announced in the last 24 hours.
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