Premier League clubs face 30% pay cut as season ends indefinitely

0
71


One year postponed
Champions League: Suspended indefinitely
First league: Suspended indefinitely
The league: Suspended indefinitely
Bundesliga: Probably no fans for the rest of 2020
League 1: Suspended indefinitely
Series A: Suspended until April 13
Copa America: Postponed until 2021
MLS: Suspended until May 10

“It has been recognized that the Premier League will not resume in early May – and that the 2019-20 season will not return until it is safe and appropriate. “

Beyond the commitment to discuss player salaries, the Premier League has also agreed to help clubs in the lower layers of the English pyramid system, including deciding to advance solidarity payments to the National League – fifth level of England – from August to this month. .

The statement continues: “Discussions have also taken place regarding short-term club financial relief and although there is no single solution, measures must be put in place to deal with the immediate impact of lower cash flows.

“Critically, the League voted unanimously to advance funds of £ 125 million to the EFL and the National League, because it is aware of the serious difficulties facing the clubs of the football pyramid at the moment. “

A meeting is scheduled for Saturday, during which the Premier League, players and club representatives will discuss the proposed pay cuts. The Association of Professional Footballers was also invited.

Efforts to strengthen the fight against the coronavirus have also been agreed, with the Premier League pledging to donate £ 20 million to front-line services and those in difficult circumstances during the crisis.

Dan Thomas is joined by Craig Burley, Shaka Hislop and a host of other guests every day as football makes its way through the coronavirus crisis. Broadcast on ESPN + (United States only).

Clubs across Europe have already taken action with Barcelona, ​​Atletico Madrid, Bayern Munich and Juventus.

On Monday, Barcelona announced that an agreement had been reached for players to receive 70% of their salaries as the club struggles to cope with the financial effects of the coronavirus crisis. The reduction will affect not only the first men’s team, but all professional teams in the club, including basketball, among others. Atletico Madrid followed suit on Thursday.

Juventus players and coach Maurizio Sarri have reached an agreement on a pay cut that will save Italian champions 90 million euros in fiscal year 2019-2020, while Bayern Munich have confirmed to ESPN that its players would give up 20% of their salary at the approach of the Bundesliga clubs the economic impact of the coronavirus crisis.

ESPN has been informed that at present, and unless the circumstances change, Real Madrid does not intend to take similar action.

LEAVE A REPLY

Please enter your comment!
Please enter your name here