Sevilla join top La Liga clubs in slashing wage bill - News Summed Up

Sevilla join top La Liga clubs in slashing wage bill


By AFPMore by this AuthorMADRIDSevilla said Wednesday they planned to join Barcelona and other top Spanish clubs in slashing players' wages by up to 70 per cent in response to the coronavirus pandemic. With Spain's La Liga suspended indefinitely and club income sharply reduced, Sevilla said their decision would affect first team players as well as other playing staff and back room staff. Sevilla join Barcelona, Espanyol and other top clubs in taking advantage of a government scheme known by its initials ERTE that authorises salary cuts by up to 70 per cent in extreme circumstances. La Liga, which estimates that clubs stand to lose around one billion euros if the season is not resumed, backs the move by clubs hoping to minimise the economic consequences of the virus. AdvertisementJavier Tebas, La Liga president, said Tuesday he expected most Spanish clubs to slash wage bills in the coming days.


Source: Daily Nation April 08, 2020 10:52 UTC



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