According to the length of time the British government took necessary restrictions, the Football Association is expected to lose more than 0.15 billion pounds.
Xinhua News Agency, London, April 6 (Reporter Zhang Wei) the Football Association said on the 6th that in order to cope with the economic impact of the new coronavirus epidemic, it is suggested to adopt a temporary salary reduction policy for employees whose annual income of the institution is 50000 pounds (1 pound is about 8.7 yuan) or more. Among them, the highest-paid people such as sosgate, the coach of the England men’s football team, have agreed to a salary reduction of 30%.
Bringham, chief executive officer of the Football Association, said on the same day that as a non-profit organization, the responsibility of the Football Association is to promote the development of football at all levels. “All our profits will be re-injected into English football to support the development of the whole English football. The less money we produce, the less money we can return to football.”
With the spread of the new Crown pneumonia epidemic, England’s international competition, FA Cup competition and activities at Wembley Stadium were all postponed, and the financial affairs of England Football Association have been seriously affected, there is no clear timetable for when the competition and various activities will resume. “Currently, the estimated total financial impact is around 0.1 billion pounds.” However, according to the length of time the British government took necessary restrictions, the Football Association is expected to lose more than 0.15 billion pounds.
For this reason, “We suggest that all employees whose annual income is 50000 or more should be temporarily reduced by 7.5%. In line with the principle that higher salary means greater responsibility, the coach team of the adult team has agreed to reduce the salary by 15%, and the highest earners are willing to reduce the salary by as much as 30%.” Brinham said.
According to The Times, Southgate has agreed to a total salary cut of 225000 pounds in the next three months. Whether the pay reduction plan will continue after 3 months, the Football Association will make a decision based on the development of the situation. In addition, the Football Association will apply for government subsidies for temporary unemployment for some staff of the organization.