Over the next four months, Juventus coaching staff and players like Cristiano Ronaldo and Aaron Ramsey have decided to take a pay cut as coronavirus continues to spread across the globe.
The agreement is set to be worth around £80.7million to the Club’s wage bill.
Juventus made this known in a statement on its official website on Saturday.
“Juventus Football Club announces that, due to the current global health emergency 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 statement reads.
“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.”
Meanwhile, Juventus three key players, Daniele Rugani, Blaise Matuidi, and Paulo Dybala, tested positive for COVID-19.
Football activities in Italy have been suspended since March 10 due to the spread of coronavirus across the country.
Italy remains the worst-hit nation by coronavirus, with its death toll surpassing 10,000 on Saturday.