Cristiano Ronaldo has agreed to waive four months’ wages in order to ensure Juventus can pay their staff amid the coronavirus pandemic.
The Serie A side revealed that Ronaldo’s teammates, as well as boss Maurizio Sarri, have agreed to take a wage reduction for March, April, May and June.
The agreement is understood to be worth around £80million to the reigning champions.
Italy has been one of the hardest hit countries in the world from the deadly disease, with over 10,000 people already losing their lives.
It is still unknown whether the Italian season will recommence, with the country currently in lockdown.
Juve said in a statement on Saturday they had “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 statement added: “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 90 million euros 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.”
The likes of Barcelona and Atletico Madrid have already announced plans for temporary wage cuts for their playing staff.
- Premier League, EFL and PFA warn ‘difficult decisions’ will be taken as coronavirus halts football in England
- Birmingham become first Championship club to ask players to take wage deferral
- Southampton become first Premier League club to reach agreement with players over wage deferrals amid coronavirus crisis
- PFA say players will have to share the ‘financial burden’ of coronavirus pandemic in lengthy statement
- FIFA propose to extend player contracts until end of football season with 2019/20 campaign suspended due to coronavirus crisis