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Thursday, 28 March 2024

Valencia announce pay cut to cope with suspension of play

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Valencia announce pay cut to cope with suspension of play
Valencia announce pay cut to cope with suspension of play

Following an agreement with the players, many non-playing staff would be able to receive their full salary.

RESENDING WITH COMPLETE SHOTLIST VIDEO SHOWS: FILE OF STADIUM MESTALLA VALENCIA EXTERIORS / VALENCIA TRAINING SHOWS: VALENCIA, SPAIN (FILE - MARCH 9, 2020) (REUTERS - ACCESS ALL) 1.

VARIOUS STADIUM MESTALLA VALENCIA EXTERIORS 2.

VARIOUS VALENCIA CF LOGO ON CLOSED GATES JEDDAH, SAUDI ARABIA (FILE - JANUARY 7, 2020) (REUTERS - ACCESS ALL) 3.

VARIOUS OF VALENCIA TRAINING AHEAD OF SPANISH SUPER CUP SEMI-FINAL AGAINST REAL MADRID VALENCIA, SPAIN (FILE - MAY 8, 2019) (REUTERS - ACCESS ALL) 4.

VARIOUS OF VALENCIA PLAYERS DURING TRAINING MATCH AHEAD OF EUROPA LEAGUE SEMI-FINAL, SECOND LEG MATCH AGAINST ARSENAL 5.

CAPTAIN, DANI PAREJO 6.

GOAL BEING SCORED DURING TRAINING MATCH MANCHESTER, ENGLAND, UK (FILE - OCTOBER 1, 2018) (REUTERS - ACCESS ALL) 7.

VARIOUS OF VALENCIA PLAYERS TRAINING AHEAD OF CHAMPIONS LEAGUE GROUP STAGE MATCH AGAINST MANCHESTER UNITED STORY: La Liga side Valencia have joined other top Spanish clubs in announcing a pay cut for players and coaches to help ease the financial impact caused by the suspension of play due to the coronavirus pandemic.

A statement from the club on Monday (April 20) said many of its non-playing staff would be able to receive their full salary during the period of inactivity following an agreement with the players.

Valencia did not give details of the pay cut agreements.

"First team and academy players and coaches as well as the board of directors have shown a huge commitment to help the club and guarantee its economic stability at a time of great difficulty and uncertainty for everyone," said the statement.

"Also, due to the club's commitment to protect its most vulnerable workers in the face of the uncertain development of this situation, Valencia will supplement the incomes of a large percentage of its employees.

"The club would like to show its gratitude to the first team players for showing solidarity by reducing their salaries in order to help the club to protect its workers and their families in such complicated circumstances." Valencia were seventh in La Liga when football in Spain was indefinitely postponed last month with 11 games remaining.

Barcelona lead the standings by two points over Real Madrid.

Barcelona and Atletico Madrid had previously announced 70% pay cuts agreed by players and coaches to ensure other employees would continue to receive their full salaries.

Real Madrid's players and coaches have pledged to take an annual pay cut of between 10 and 20%.

(Production: Stefan Haskins)

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