Coronavirus
Barcelona’s Lionel Messi (left) and Juventus’ Cristiano Ronaldo (fight)
Juventus and Barcelona have taken measures to cut the wages of its players and staff to reduce the economic effects of the coronavirus crisis.

Both clubs have reached an understanding with the players and coaching staff for a pay cut to avoid financial crisis.

Juventus players, including star-striker Cristiano Ronaldo, agreed a four-month pay cut to help the club save an estimated EUR 90 million.

“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,” the club said in a statement.

“The understanding provides for the reduction of the compensation for an amount equal to the monthly payments of March, April, May and June 2020,” the statement added.

The club further thanked the players and coach, Maurizio Sarri, for their support during these ‘tough times’.

Barcelona players, meanwhile, have finally agreed to take pay cut amidt the coronavirus, having earlier rejected the boards request.

All first team players, including Lionel Messi, as well as non-playing staff, will face a compulsory wage reduction during the period of lockdown, the club’s directors decided at a board meeting held via video conference.

Several other LaLiga clubs, including Atletico Madrid and Espanyol, have also decided to impose a compulsory pay cut to avoid financial crisis.

On the other hand, Real Madrid said that they have not asked the players for a possible pay cut, citing that the club is in a financially stable condition.

Globally, more than 6,40,000 people have been infected by the Novel Coronavirus, which has also claimed nearly 30,000 lives.

LEAVE A REPLY

Please enter your comment!
Please enter your name here