Juventus players consent to take pay reduction in 90-million-euro cost cut
30 March, 2020
Juventus on Saturday announced that they had chop their players’ and mentor Maurizio Sarri’s salaries after all Italian sport was first suspended until at least April 3 due to the coronavirus pandemic.
“The financial and financial ramifications of the understanding reached are positive for about 90 million euros ($100.5 million) for the 2019/2020 financial year,” explained a club statement.
Over 10,000 persons have died from COVID-19 in Italy, more than in any other nation.
Italian champions Juventus, who led second-located Lazio by a spot in Serie A prior to the suspension of the season, said they had agreed a “reduction” for pay from March until June.
Juve added that should the growing season be finished later on in the entire year, the players could be paid extra found in those months.
“Juventus wish to thank the players and the mentor for his or her commitment at a hard time for everybody,” the Turin giants said.
Players at other big European clubs have also agreed to take pay cuts, including Bayern Munich and Borussia Dortmund found in Germany.
Juventus’ highly-paid superstars include five-period Ballon d’Or winner Cristiano Ronaldo and Wales midfielder Aaron Ramsey, who actually joined from Arsenal on a free transfer last year.
Before this week, Italian activities minister Vincenzo Spadafora said he was “very, incredibly doubtful” that Serie A actions would return just as previously hoped in early on May.
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