Money

Juventus Continues Troubling Trend Of Clubs Conning Players, Staff Into Giving Up Salaries

Football clubs in Europe are among the wealthiest organizations in the world. They toss around nine-figure transfer fees like it’s nothing while charging exorbitant prices for entry into their stadiums. 

And yet, these same clubs who regularly lead the list of richest sports teams in the world have been among the first to claim they don’t have money to pay their players as soccer has screeched to a halt amid the coronavirus pandemic.

As Clubs Cut Footballers’ Wages, World Players’ Union Calls BS

BERN — World soccer players' union FIFPRO is "extremely concerned" at the number of clubs which have imposed redundancies and wage cuts after the stoppage caused by the coronavirus pandemic.

Soccer has been brought to a standstill by the coronavirus crisis with domestic leagues suspended and international competitions such as Euro 2020 and the Copa America postponed.

FIFPRO and its affiliated national unions had already received "a large volume of calls for assistance from professional footballers," the union said on Friday.

Summer Transfer Window 2020: How Will It Work?

Current contracts for players and coaches should be extended until the end of the delayed domestic soccer seasons, according to an internal FIFA document presented to its Coronavirus Working Group. The confidential document, seen by Reuters, also recommends allowing transfer windows to be changed in accordance with new season dates and urges clubs and players to work together to find solutions to salary payments during stoppages. 

CSL Hopes To Return Soon, But Fellaini’s Positive COVID-19 Test Might’ve Pushed That Back

Chinese football is inching towards a return to action, with teams resuming training this week, though questions remain over when exactly the country's top flight can kick off its coronavirus-delayed 2020 campaign. 

New President And CEO Of U.S. Soccer Working To Rebuild Reputation With USWNT

U.S. Soccer hopes that resolving an ongoing pay equity lawsuit with its women's national team will be a first step in a "long process" to rebuild its reputation, the body's president and CEO told reporters on Tuesday. 

President Cindy Parlow Cone took over from Carlos Cordeiro less than two weeks ago after he resigned having taken responsibility for language used in a court filing that prompted public outcry, an on-field protest by players and rebukes from commercial sponsors. 

Lionel Messi, Pep Guardiola Donate $1.1 Million Each To Coronavirus Battle

Barcelona forward Lionel Messi and Manchester City manager Pep Guardiola have each donated $1.08 million towards the fight against coronavirus. Argentina international Messi’s donation will be split between Hospital Clinic in Barcelona and another medical center in his home country, according to a report in MARCA

Belarus Premier League Spots Its Opportunity, Defiantly Decides To Begin Play

As football around the world shut down amid the coronavirus pandemic, defiant Belarus kicked off its new season on Thursday and said it would even allow spectators to watch the games. 

Gladbach Players Accept Pay Cuts To Help Pay Club Employees

Borussia Moenchengladbach's players and coaching staff became the first in Germany to accept pay cuts during the coronavirus crisis to support the club as revenues dry up due to halted matches, sports director Max Eberl said on Thursday. 

The Bundesliga suspension is due to last until at least April 2 though few believe it will resume soon after that date. All continental competitions have also been suspended with the virus's current epicenter in Europe. Germany has recorded about 11,000 cases with 20 deaths. 

Euro 2020 Advertisers Stare Into The Coronavirus Abyss

The cancellation of major sporting events and the decimation of the luxury, entertainment and travel industries is delivering a hammer blow to a global advertising industry that was already reeling from years of tech-led turmoil.

FIFPRO Warns Of Massive Layoffs For Footballers Over Coronavirus

Football is facing its first economic crisis for decades with the prospect of mass layoffs of players if nothing is done to bail out clubs left without matches by the coronavirus pandemic, the global players' union FIFPRO said on Tuesday.

Professional football has been wiped off the map for weeks, maybe months, after all the major leagues, cups and international competitions were suspended, culminating in the postponement of Euro 2020 and Copa America on Tuesday.

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