Hearts have asked their players to take a dramatic 50% wage cut as the severe financial cost of the Coronavirus begins to cut deep.
As we told you earlier this week, owner Ann Budge had already spoken about the toll the pandemic has taken on the Tynecastle club, with the figure of £1 million mentioned as the potential cost of lost revenue already.
And now it seems the financial toll has hit the first-team, with the club’s hierarchy releasing a statement today confirming their stars have been asked to take sizeable cuts to their salaries.
In the statement, Budge writes: ‘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, with the following caveats:
‘No-one’s full-time salary will fall below the Living Wage. 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.
‘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.’
Hearts’ last home fixture in the Ladbrokes Premiership came on March 7 in a 1-1 draw at home to Motherwell, with the Jambos staring down the barrel of relegation to the Championship following the 1-0 defeat to St Mirren on March 11.
Hearts are obviously one of the bigger clubs in Scottish football – so, should we be worried about potentially losing smaller clubs permanently due to the current crisis?
Let us know in the comments section below…