Juventus has reached an agreement with its players for them to forgo their wages while football is suspended in Italy.
An official statement from the Italian giants read: “Juventus Football Club S.p.A. announces that, due to the current global health emergency is 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 EUR 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.”
Claret and Hugh says:
Surely this will lead the way for many big clubs crippled by huge wages, Juventus players are giving up 100% of their wages for four months and we could see a similar deal reached in the Premier League. The PFA are in negotiations with the football authorities including the Premier League. Club chairmen are due to meet again via video conference on 3rd April and owners will hope some progress has been made with players by that meeting. West Ham are currently paying out £12m per month in wages with no income from tickets, TV or the club shop.