Juventus players agree to forgo four months' wages

Tanya Simon
March 31, 2020

Juventus players and manager Maurizio Sarri have agreed with the club chiefs to take a four-month pay cut that will help the club save £80m.

Shares in Italian football giants Juventus surged Monday after the club's decision to cut their players' salaries in the midst of the coronavirus pandemic.

The five-time Ballon d'Or victor has already donated money - along with his agent - towards the fight against the virus which has affected countries all over the world.

"The economic and financial effects of the understanding reached are positive for about 90 million euros for the 2019/2020 financial year", Juventus said in a statement.

Italy's top-fight Serie A league has been suspended since March 9 with Juventus, seeking a ninth successive title, leading the league by one point from Lazio with 12 games each remaining. In the coming weeks, personal agreements with the players and the coach will be finalized, as required by the current regulations.

"Juventus would like to thank the players and coach for their commitment at a hard time for everyone".

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The negotiations between the club and the players was facilitated by Juventus captain Giorgio Chiellini, who holds an economics degree.

Juventus is based out of one of the worst-hit regions in Italy and in recent weeks three of their players - Paulo Dybala, Daniele Rugani and Blaise Matuidi - have tested positive for coronavirus.

All sports in Italy have been suspended under a nationwide lockdown through April 3, with the shut down of the country expected to be extended.

The likes of Barcelona and Atletico Madrid in Spain have already announced plans for temporary wage cuts for their players.

Earlier, players and directors at Bayern Munich and Borussia Dortmund have agreed to take temporary pay cuts.

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