Covid-19/LaLiga Santander: Valencia CF players agree to a salary reduction

"The club wish to particularly thank the first team for their solidarity, through a salary reduction, helping the entity to protect all workers and their families in such difficult circumstances," announced Valencia CF (LaLiga Santander) on 20/04/2020.

The reduction in salary agreed by the players of Valencia CF comes at the same time as the Valencian club's official introduction of an "ERTE", the Spanish part-time unemployment scheme, from 20/04/2020. The agreement reached with the players will enable the club to "protect those workers most vulnerable in light of the uncertain development of the situation" and "provide a compliment to the income of a very high percentage of employees," said the club.

"Faced with the forecast of a large reduction in income, the will of the first team and VCF Academy players and coaching staff, as well as those in positions on the board, has always been to help and guarantee the economic sustainability of the club at a time of doubt and an uncertain future for all," said Valencia CF, whose wage bill reached €116/5, in 2018-19, up 33% from 2017-18.

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