Juventus agree to wage cuts amid suspension of Serie A

Juventus staff and players have agreed to take on huge pay cuts as the Serie A has been suspended due to the Coronavirus pandemic bits into the club’s financial standing.

Sarri and the first-team players will forgo four months with reduced salaries to help Italy’s most successful club during the coronavirus crisis.

The Old Lady in recent weeks has announced three of their players having tested positive for the virus – forward Paulo Dybala, defender Daniele Rugani and midfielder Blaise Matuidi.

“The economic and financial effects of the understanding reached are positive for about 90 million euros for the 2019/2020 financial year”, Juventus said in a statement.

“The understanding provides for the reduction of the compensation for an amount equal to the monthly payments of March, April, May and June 2020”, the club added, saying personal agreements with Sarri and the players will be finalized in the coming weeks.

“Should the current season’s matches be rescheduled, the Club will negotiate in good faith with the players and the coach conditional increases of compensation according to the actual resumption and finalization of official competitions,” Juve added.

“Juventus would like to thank the players and the coach for their commitment at a difficult time for everyone.”

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