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Juventus players and coaching staff agree four-month wage cut

ITA D1Juventus players and coaching staff agree four-month wage cut

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Posted Sun, 29 Mar 2020 09:12:42 GMT        

Juventus players and coaching staff agree four-month wage cut



Juventus players and coaching staff have agreed to take a wage cut for the next four months amid the coronavirus pandemic.


The agreement is set to be worth around 90m euros (£80.7m) to the club's wage bill, although an increase in pay would be renegotiated if and when the Serie A season is back underway.


In a statement released on Saturday, Juventus announced the club will reduce the wages it will pay out to its employees including head coach Maurizio Sarri and Cristiano Ronaldo for the months of March, April, May and June.


"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.


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