Southampton

Juventus players and manager agree to forego wages for four months

28-Mar-2020 19:38:49 | Four-Four-Two

Juventus players have agreed to waive four months wages to help the clubs finances amid the coronavirus pandemic.Cristiano Ronaldo and his team-mates, along with manager Maurizio Sarri, have agreed to a reduction in pay equal to the monthly payments of March, April, May and June 2020, the club said.The agreement is set to be worth around 90 million euros (80million) to the reigning champions.Company notice | Agreement with the players and the coach of the first team.https://t.co/Wg2ZplkuPh pic.twitter.com/IOfmQV6Sha JuventusFC (@juventusfcen) March 28, 2020Football in Italy is suspended with the country in lockdown and it remains to be seen whether the Serie A season will be completed.If the remaining games are rescheduled, Juventus said they would negotiate increases in pay for the squad.The club said in a statement on Saturday they had 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 added: 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.If you ever dreamed of playing for millions around the world, now is your chance. Play inside, play for the world.#staysafe #playinside #playfortheworld pic.twitter.com/Ie5i9BjzEM Cristiano Ronaldo (@Cristiano) March 21, 2020The economic and financial effects of the understanding reached are positive for about 90 million euros for the 2019-2020 financial year.Should the current seasons 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.The likes of Barcelona and Atletico Madrid in Spain have already announced plans for temporary wage cuts for their players.(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','//www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-72310761-1', 'auto', {'name': 'pacontentapi'}); ga('pacontentapi.set', 'referrer', location.origin); ga('pacontentapi.set', 'dimension1', 'By PA Sport Staff'); ga('pacontentapi.set', 'dimension2', '14d0ef2d-16f4-414c-bc0e-ede2cb161f08'); ga('pacontentapi.set', 'dimension3', 'paservice:sport,paservice:sport:football,paservice:sport:uk,paservice:sport:world'); ga('pacontentapi.set', 'dimension6', 'story'); ga('pacontentapi.set', 'dimension7', 'composite'); ga('pacontentapi.set', 'dimension8', null); ga('pacontentapi.set', 'dimension9', null); ga('pacontentapi.send', 'pageview', { 'location': location.href, 'page': (location.pathname + location.search + location.hash), 'title': 'Juventus players and manager agree to forego wages for four months'});