COVID-19: Ronaldo, Juventus teammates take pay cut

Mazino Dickson

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As a sign of sacrifice in the wake of the coronavirus pandemic, mercurial Portuguese striker Cristiano Ronaldo and his teammates have agreed to salary cuts.

It is also aimed at balancing the financial books of the Turin club.

This means Ronaldo, the highest-paid player in Serie A, will give up 10 million euros.

For Juventus, the deal will save the club about €90 million as long as the season shutdown lasts.

Negotiations were led by team captain Giorgio Chiellini, who has a degree in economics.

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 finalization of official competitions,” Juventus said in a statement.

The Serie A champions 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.