x

Italy’s Serie A recommends wage cuts for players, coaches

Italy’s Serie A football league has recommended that clubs impose wage cuts of between two and four months’ pay on playing and coaching staff to reduce losses during the coronavirus outbreak.

After an emergency general assembly by video conference, the league said in a statement on Monday that the stoppage caused by the contagion had left Italian football in a “very difficult” situation.

The league added that this had led to an urgent need for a reduction of costs.

It proposed cutting annual wages by one third if Serie A was unable to resume and by one sixth if it was able to restart.

However, it added that each club would have to negotiate the cuts with its players.

Nineteen of Serie A’s 20 clubs voted for the recommendation while Italian champions Juventus abstained, having already reached a separate agreement with their players, a Serie A source said.

Serie A has been suspended since March 9 because of the coronavirus pandemic which has claimed 15,887 lives in Italy, almost a quarter of the global death total.

It is not certain when or even if the season will restart.

But Italian football federation president Gabriele Gravina said on Sunday that the season, originally due to finish in May, could run until September or October if necessary.

Serie A said the move was “necessary to safeguard the future of the entire Italian football system.

“The intervention… foresees a reduction of one third of the total gross annual salary in the event that it is not possible to resume sporting activity, and a reduction of one sixth… if the remaining matches of the 2019/2020 season can be played in the coming months,” it said.

It added that “the clubs are ready to do their part by incurring huge losses to ensure the future of Italian football” and that “the main expense for the clubs is represented by the payroll.”

European football’s governing body UEFA has urged all national leagues to try and complete the season.

It had warned that clubs from competitions which are abandoned may be barred from the Champions League and Europa League next season.

“The assembly confirmed the desire to play again and finish the season, but without running risks and only when health conditions and government decisions allow,” added the Serie A statement.

Juventus announced on March 28 that coach Maurizio Sarri and his players, including Cristiano Ronaldo, had agreed to a wage cut.

It was a cut which would save the Turin club 90 million euros (79.3 million pounds).(Reuters/NAN)

Hot this week

FG Reaffirms Commitment to Strengthening Democratic Governance Through Partnerships

The Federal Government has reiterated its commitment to working...

IMF Plans Up to $50bn Support for Economies Hit by Middle East Conflict

The International Monetary Fund (IMF) says it may provide...

Former National Assembly member, Tom Zakari emerges Kogi Chairman of ADC 

From Noah Ocheni, Lokoja A former member of the Federal...

Akwa Ibom Assembly Passes Mental Health Bill to Reform Care Services

The Akwa Ibom State House of Assembly has passed...

2027: Ex-PDP Candidate Muhammed Ibrahim Explains Defection to SDP

A former Peoples Democratic Party (PDP) candidate in Nasarawa...

Over 50 killed, 1000 abducted in kaduna LG in 3 months -villagers decry

 ...Say's N300m ransom paid..Say's "bandits pushing us from our...

Former National Assembly member, Tom Zakari emerges Kogi Chairman of ADC 

From Noah Ocheni, Lokoja A former member of the Federal...

Plateau Govt Seeks Public Input on Greater Jos Master Plan

By  Israel Adamu, Jos  The Plateau State Ministry of Housing...

New Ring heralds new era for boxing in A’ibom

By Ogenyi Ogenyi,UyoA newl era of success has began...

ERC Director, others Call for Increased Inclusion of Women in Empowerment Programmes

By Joyce Remi- BabayejuDirector of the Education Resource Centre,...

Transfer: Beşiktaş Target Super Eagles Striker Arokodare

Turkish giants Beşiktaş are reportedly planning a move for...

Related Articles

Popular Categories

spot_imgspot_img