Ronaldo, Other Juve Stars Agree €90m Salary Reductions

By Daily Sports on March 29, 2020

Juventus have negotiated salary reductions with their senior squad that could save the club €90 million (£81m/$101m) during the coronavirus crisis.

Many clubs around the world are having to take drastic measures when it comes to cutting costs.

With competitive action in a period of indefinite postponement, even global heavyweights are starting to feel the pinch.

The likes of Juventus have no way of generating income at present from ticket sales or other matchday revenue streams.

The star-studded squad in Turin, which includes five-time Ballon d’Or winner Cristiano Ronaldo, have agreed to help ease the financial burden by taking reduced wage packets.

That idea had been championed by Giorgio Chiellini, with the Bianconeri captain eager to see everyone connected with the club do their bit to aid a global fight.

A statement released on the club’s official website read: “Juventus Football Club S.p.A. announces that, due to the current global health emergency 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 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 €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.”

Bayern Munich have already put a agreement in place with their players, with the Bundesliga champions taking a 20 per cent pay cut, with

Borussia Dortmund taking a similar approach in Germany. (Goal)

•PHOTO: Juventus players

Source Daily Sports

Posted March 29, 2020


 

You may also like...
AFCON 2023 Qualifier: Osimhen, Musa, Lookman, 19 Others...

Balogun: Gerrard Is More Like Klopp

Ibrahimovic Set To Join AC Milan

2026 WCQ: Super Eagles Welcome Tella, Obasogie

Trump Presents Tiger Woods with Presidential Medal of...

Super Falcons goalie Nnadozie wins best goalkeeper award...

 

Latest News CAF awards: Ajibade, Nnadozie, Edo Queens bag nominations Lagos SWAN, PAACC Hold SWAN Day At Golfview Hotels, Ikeja Crisis looms as Eagles’ form raises AFCON, W’Cup concerns Ex-Nigerian Super Falcons player handcuffed, children assaulted as police storm Anambra Football Academy Sports NFF, teammates console Nwabali on father’s death Abia Govt hails Nigeria Olympic Committee over staging an admin course in Umuahia Libya deliver Eagles 2025 AFCON ticket Eagles battle Cheetahs for 2025 AFCON ticket Yellow Greens gear up for T20 W’Cup qualifiers Tyson tips Fury to beat Joshua Sadiq absent as 22 Eagles train in Abidjan Eagles’ striking trio hot for Cheetahs, Amavubi clashes

 

Most Read Rangers International going, going . . . (55,163 views) Amaju Pinnick: A cat with nine lives (46,307 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (44,369 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (44,015 views) Sports Development: Zenith Bank on the zenith (43,948 views) Current issues in Nigerian sports: Matters arising (43,904 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (43,742 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (43,311 views) Olopade, BET9A wave of revolution in NNL (42,366 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (41,054 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (39,506 views) John Mikel Obi: Segun Odegbami’s Outrageous Call! (38,931 views)

 

Phone numbers

Tel: +234(0)8066020976
+234(0)8055068145
+234(0)7013416146
+234(0)8094272884

Email addresses

info@dailysportsng.com
support@dailysportsng.com
publisher@dailysportsng.com

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.
Website: www.dailysportsng.com

Social Media