West Bromwich Albion CEO to Take 100% Pay Cut Amid COVID-19 Pandemic
Baggies ‘Receiving Virtually No Income’
The coronavirus outbreak has caused huge disruption to the football calendar.
Clubs are concerned that the suspension of football will have a lasting effect on their financial security.
Football has been put on hold as the United Kingdom fights against the pandemic.
But Albion chief Jenkins has decided to stop receiving a salary while the situation continues.
In a statement, Jenkins said: “Obviously, the priority for us all is the health and welfare of our loved ones and beyond that, giving all the support we can to the front-line staff who are leading the fight against Covid-19.”
He added: “Everybody is fully aware these are very uncertain times in which we simply cannot forecast what the future holds.
“Until we regain a level of certainty, we cannot be sure if planned income will actually be received or if we will be forced to utilise cash the club already holds to refund existing commitments.
“What we do know for fact is that our operations are almost completely closed down and we are receiving virtually no income. Almost all of the club’s usual costs still need to be paid, the majority of which are wages whether this be admin staff, maintenance teams, management or, of course, the first-team players.
“With that in mind, I think it is only correct that for the duration of this lockdown I take a 100 per cent cut in my salary and other members of the senior management team have also offered to take significant reductions in their remuneration.”
Government’s Furlough Scheme
It means that staff affected will have 80% of their salary provided by the government.