Ronaldo & Juventus Players waive €90M, 4-months wages

Ronaldo, other Juventus players and manager Sarri, have reached an agreement over a wage reduction that will help Juventus to save €90m.

Ronaldo and Juventus Players waive pound 90M, 4-months wages

The Juventus players, including Cristiano Ronaldo and their manager, Maurizio Sarri, have reached an agreement over a wage reduction that will help Juventus to save €90m (£81m). In a statement released on March 28 (Saturday), Italian soccer giant Juventus announced that all its players, as well as manager Maurizio Sarri, have agreed for a pay cut, for March, April, May and June.

The agreement comes at a time when leading clubs around Europe have had to slash wage bills because of the dramatic impact of matches being postponed or played behind closed doors due to the spread of the virus.

The Turin club is based in one of the regions hit hardest by the crisis and in recent weeks three of their players – Paulo Dybala, Daniele Rugani and Blaise Matuidi – have tested positive for Covid-19.

Football around the world has been brought to a standstill by the pandemic, and Italy’s top flight has been suspended since March 9. Italy has had the highest number of deaths in any country from the virus.

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.

Juventus Statement

Giorgio Chiellini, Juventus Captain and the senior-most player, is understood to have carried out the negotiations on behalf of the players, amid reports in the Italian media that Portuguese star Cristiano Ronaldo had agreed to let go €3.8 million of his yearly wage to ease the financial burden on the Club as it missed revenue due to lockdown because of Coronavirus.

The agreement comes the day after leading Spanish Club Atlético Madrid took the decision to cut the wages of their staff, including the players. Barcelona also imposed a compulsory wage reduction on their players during the period of lockdown after Spain became the second-most affected country by the coronavirus in Europe.