The head coach of Juventus first team, Maurizio Sarri, Christiano Ronaldo and other Juventus’ first-team players have agreed to sacrifice their four months wages in order to support the club’s finances during the Covid-19 pandemic.
Recall that Football leagues in Europe have been suspended due to the Coronavirus pandemic.
Apparently this suspension is having a negative effect on football businesses. The lack of ticket sales, merchandise sales and television subscriptions would translate to clubs around Europe experiencing financial losses.
According to Telegraph Sport, the players will help the club save about £80million during the league break caused by the disease outbreak
The club has thanked its players and managers for agreeing to make this sacrifice.
It wrote:
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 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. ‘
‘Should the current season’s matches be rescheduled, the Club will negotiate in good faith with the players and the coach conditional increases of compensations according to the actual resumption and finalisation of official competitions. ‘
‘Juventus would like to thank the players and the coach for their commitment at a difficult time for everyone.’
So far three Juventus players, Daniele Rugani, Paulo Dybala and Blaise Matuidi have all tested positive to Coronavirus.
