Saracens furlough staff, ask high earners to defer wages - News Summed Up

Saracens furlough staff, ask high earners to defer wages


Champions Saracens have asked all employees earning over £75,000 to defer payment of their salaries until the start of the 2020/21 season and have furloughed staff due to the economic crisis caused by coronavirus. The UK government's furlough scheme will guarantee 80 percent of wages up to a maximum of £2,500 a month. Premier League football clubs have been criticised for plans to use the system with Liverpool, Tottenham and Bournemouth pressured into a U-turn on using public money. "The amounts deferred will be repaid over an 18-month period from the start of the 2020/21 season." Chairman Neil Golding added the club are confident they can secure the funding needed to steady their finances.


Source: News 24 April 15, 2020 17:48 UTC



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