Everton players agree to voluntary 50% pay deferrals over the next three months – which could save the club as much as £10MILLION – in bid to ease financial pressure brought on by coronavirus
- Everton stars have voluntarily taken 50 per cent pay deferrals for three months
- Players have been working to see what the squad could do to protect finances
- Manager Carlo Ancelotti and his staff immediately took 30 per cent reductions
- It is a gesture that is estimated, from the playing staff alone, will save £10million
- Here’s how to help people impacted by Covid-19
Everton’s squad have voluntarily taken pay deferrals up to 50 per cent for the next three months in a step to protect the club’s long-term finances.
In an email to supporters sent out on Tuesday night, Denise Barrett-Baxendale, Everton’s chief executive, explained the process behind the decision and revealed that talks with the players have been on-going since the coronavirus pandemic shut football down temporarily.
Carlo Ancelotti, Everton’s manager, and the rest of his staff immediately agreed to take 30 per cent reductions in their salaries; as did other leading figures within the club such as Marcel Brands, the director of football, and Barret-Baxendale.
Everton’s squad have voluntarily taken 50 per cent pay deferrals for the next three months
Players have been working to see what the squad could do to protect the club’s finances
Long-serving players such as club captain Seamus Coleman and Leighton Baines, among others, have been working with officials to see what the squad could do to combat the effects of losing so much revenue for such a prolonged amount of time.
It is a gesture that is estimated, from the playing staff alone, will save Everton up to £10million.
Barrett-Baxendale wrote: ‘Although we now have more precise details of the Coronavirus crisis, we have known for some weeks that the impact would be significant and we have taken steps wherever possible to mitigate this impact.
‘As a sign of the spirit and togetherness we have as a club, I can confirm that as soon as we closed our stadium in March, our players, coaching staff, board and our executive leadership team, along with other senior personnel, expressed their desire to protect the club.
Manager Carlo Ancelotti and his staff immediately took 30 per cent reductions in their salaries
It is a gesture that is estimated, from the playing staff alone, will save the them up to £10million
‘The board of directors, together with the manager and the nine members of his backroom staff. They volunteered to reductions and deferrals of up to 30 per cent. That willingness was there to protect the club, other staff, our fans and the wider community.’
Barret-Baxendale added: ‘The first team squad have now voluntarily agreed to deferrals of up to 50 per cent for the next three months. Everyone who has taken these reductions and deferrals have done so in the spirit of the club and I would like to express my thanks to them for demonstrating such integrity.’
Everton have proactive during the pandemic in supporting the vulnerable members of the support base and set up the Blue Family appeal, which has seen Ancelotti and all of his players ringing individuals for long telephone conversations.
The initiative has raised £400,000 in donations so far and now major shareholder Farhad Moshiri and chairman Bill Kenwright – who has also taken time to ring fans – have pledged to match that figure, so the total is in the region of £800,000.
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