Cristiano Ronaldo forgoes €3.8m as Juventus stars agree to waive wages during Covid-19 pandemic

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Juventus stars agree to waive wages for 4 months

On Saturday night Juventus issued the following statement as the club agreed to waive the wages of their star players for the next four months:

The economic and financial effects of the understanding reached are positive for about €90m for the 2019-2020 financial year.

The understanding provides for the reduction of the compensation for an amount equal to the monthly payments of March, April, May and June 2020.

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 finalisation of official competitions.

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

Cristiano Ronaldo forgoes €3.8m

According to the Italian media, as a result of the Juventus decision to waive wages, Cristiano Ronaldo will forgo a small fortune.

Ronaldo has agreed to give up €3.8 million as part of the agreement.

 

Cristiano Ronaldo’s latest Instagram post

Giorgio Chiellini held the talks

As confirmed in the Guardian, Giorgio Chiellini is believed to have represented the players in discussions with the Juve board about waiver.

35-year-old defender Chiellini is the current Juve captain.

 

How the Italian press have reported the Juventus story

Here are the main front pages of the Italian sport press on Sunday.

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