Serie A clubs have voted unanimously to cut first-team wages by up to one third in response to the coronavirus pandemic.
Lega Serie A held an emergency meeting over conference call on Monday after talks with the Italian players’ union (AIC) proved fruitless.
There it was agreed by 19 clubs to cut wages by a sixth (amounting to two monthly payments) if the season was completed or a third (four monthly payments) if it was scrapped.
Serie A clubs have voted unanimously to cut first-team wages by up to one third in response to the coronavirus pandemic.
Lega Serie A held an emergency meeting over conference call on Monday after talks with the Italian players’ union (AIC) proved fruitless.
There it was agreed by 19 clubs to cut wages by a sixth (amounting to two monthly payments) if the season was completed or a third (four monthly payments) if it was scrapped.
The only side not to cast their vote was Juventus, given they have already negotiated their own package of cuts with squad personnel.
A statement reads: “In line with actions aimed at decreasing labour costs both in Italy and abroad, Lega Serie A today decided unanimously, with the exception of Juventus who have already reached an agreement with their players, a common line of address to contain the amount represented by the salaries of players, coaches and other first-team staff.
“This intervention, necessary to safeguard the future of the entire Italian football system, provides for a reduction of 1/3 in total gross annual earnings (or four average all-inclusive monthly payments) if the season cannot be resumed and a reduction of 1/6 in total gross annual earnings (or two average all-inclusive monthly payments) if the remaining matches of the 2019-20 season can be played in the coming months.
“It is understood that the clubs will define the agreements with their members of staff directly.”