Hearts propose 50% wage cut for all players and staff

[Franc Ergs 1,648]

Hearts players and staff have been asked to take an remarkable 50% wage-cut as the coronavirus crisis bites.

The Tynecastle club’s owner, Ann Budge, has taken the cost-cutting steps amid financial fears and released a statement on Wednesday evening: “In order to try to prevent a staff redundancy programme and to protect as many jobs as possible, I am proposing to implement a club-wide salary reduction programme.

“We have asked all full-time employees, managers, coaches, players and player back-room staff, with effect from the beginning of April, to accept a 50% cut in their monthly salary.

“Staff and players alike, who feel unable or unwilling to accept this revision to their contracts, will, of course, be offered the option of contract termination.”

In a remarkable statement, two more caveats were added: “No-one’s full-time salary will fall below the living wage,” continued Budge. “In other words, if the 50% reduction would take anyone’s salary below this threshold, the full-time salary will be set at 18,135.

“Given the uncertainty of the whole situation with which we have been presented, we cannot say how long these measures will be in place. We will, of course, be continuously reviewing the situation.”

https://www.theguardian.com/football/2020/mar/18/hearts-propose-wage-cut-all-players-staff-coronavirus-covid-19-crisis

 

More clubs to follow ?

[compo 7,030]

6 minutes ago, Franc Ergs said:

Hearts players and staff have been asked to take an remarkable 50% wage-cut as the coronavirus crisis bites.

The Tynecastle club’s owner, Ann Budge, has taken the cost-cutting steps amid financial fears and released a statement on Wednesday evening: “In order to try to prevent a staff redundancy programme and to protect as many jobs as possible, I am proposing to implement a club-wide salary reduction programme.

“We have asked all full-time employees, managers, coaches, players and player back-room staff, with effect from the beginning of April, to accept a 50% cut in their monthly salary.

“Staff and players alike, who feel unable or unwilling to accept this revision to their contracts, will, of course, be offered the option of contract termination.”

In a remarkable statement, two more caveats were added: “No-one’s full-time salary will fall below the living wage,” continued Budge. “In other words, if the 50% reduction would take anyone’s salary below this threshold, the full-time salary will be set at 18,135.

“Given the uncertainty of the whole situation with which we have been presented, we cannot say how long these measures will be in place. We will, of course, be continuously reviewing the situation.”

https://www.theguardian.com/football/2020/mar/18/hearts-propose-wage-cut-all-players-staff-coronavirus-covid-19-crisis

 

More clubs to follow ?

 

[les186 271]

I would have thought this would be voluntary as the players and many of the staff have contracts to which they can hold Hearts to. I remember Leeds Utd asked their players to accept a wage cut when they were in financial trouble but they all refused. They were bunging huge sums into their pension pots.

[RANGERRAB 3,653]

First of many I suspect 

[Bill 13,717]

You think the good times will last forever and then suddenly it's all gone. The real difficulty is accepting it.

[barca72 440]

That's a good and sensible approach. I hope for the sake of everyone involved, and for the game in Scotland, that this approach works.

[Bill 13,717]

We might yet have that British league that seemed impossible

[Franc Ergs 1,648]

5 hours ago, Bill said:

We might yet have that British league that seemed impossible

Must admit, that thought crossed my mind too.

[buster. 5,185]

On 18/03/2020 at 20:27, Franc Ergs said:

Hearts players and staff have been asked to take an remarkable 50% wage-cut as the coronavirus crisis bites.

 ......

https://www.theguardian.com/football/2020/mar/18/hearts-propose-wage-cut-all-players-staff-coronavirus-covid-19-crisis

 

More clubs to follow ?

Hardly remarkable given context.

Be better keeping that word for potential upcoming events that may merit it.

 

My guess is that Hearts have went out on a financial limb in an effort to stay up and C19 potentially threatens to push them off the cliff. In that scenario, probably better to act swiftly.

 

Already planned for/ further Fan financial contribution efforts as per their Foundation will be equally beset with potential C19 issues.

 

 

 

 

[ranger_syntax 4,316]

On 19/03/2020 at 08:34, Bill said:

We might yet have that British league that seemed impossible

Why do you think that?

 

I would love it to happen but I'm not sure why it ever would.