Juventus have announced that their players and coaching staff have agreed to defer wages until July.
Turin is the north of Italy has been close to the centre of the pandemic with Serie A fixtures suspended after playing a few matches behind closed doors.
According to the club deferring player wages will save them 90m Euros over the next few months with other clubs worldwide bound to follow that example.
For the last decade Juventus have been the strongest side in Italy with a purpose built stadium with sponsorship deals that allowed them to sign Cristiano Ronaldo for £90m at the age of 33.
Yesterday on their club website Juventus stated:
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 last played on March 13 when they drew 1-1 away to Milan in an Italian Cup tie played behind closed doors.
