Yeovil ask players and staff to take 50% pay cut to safeguard club's future

Yeovil ask players and staff to take 50% pay cut to safeguard club's future

23-Mar-2020 18:26:01 | The Guardian

Yeovil Town of the National League have asked players and staff to take a 50% pay cut with immediate effect as they count the financial cost of the coronavirus crisis. The co-owner and chairman, Scott Priestnall, said the move was “soul-destroying” but hopes it will help safeguard the club’s future.

Priestnall said the suspension of league fixtures would create a £400,000 financial hole between now and the end of June. He said Yeovil’s relegation from the Football League last season meant they operated with higher losses than many non-league clubs. More than a dozen players are contracted beyond the initial season end date of April, including nine until June 2021. Yeovil’s highest earner takes home around £1,200 a week.

Related: Enough of this epic delusion: coronavirus makes sport in front of fans a long way off

Continue reading...

Read More