Celtic have this afternoon confirmed the club as a whole have agreed to take significant reductions in salaries and deferrals between April and June to ensure the long term financial health of the football club.
No club is immune to what’s going on and the club has to safeguard its future by taking these measures.
It’s great to see everyone is doing their bit to make this happen.
Celtic released the statement on Friday afternoon:
CELTIC Football Club today confirmed that a package of measures has been agreed with staff and players which will help the club to come through the current coronavirus crisis on a stable basis while ensuring that the rights and interests of all colleagues are safeguarded.
For the period April-June, the club’s Chief Executive, Manager, non-executive directors, executive team, and backroom staff, including Academy and Football Operation executives, have volunteered to take a significant reduction in salaries and make deferrals of a significant proportion of their earnings.
By the end of June, we should hopefully have some clarity as to where we stand with regards to football and when it might return.
Scottish football is suspended until at least June 10th and proposals put forward by the SPFL could see all lower leagues finish as they stand.
The SPFL will be given more time to finish their campaign under the proposal but would have winners and losers if that wasn’t possible.
Celtic were in a strong position financially before the shutdown. There will be no panic at the club, and everyone appears to be moving in the same direction.
Neil Lennon said: “This club is all about teamwork and solidarity, on and off the park. We are well aware of the economic realities and are very willing to play our part in recognising them. We will come through this in unity and then look forward to the challenges ahead.
“We also know that many within society, including our own support, are facing distress and, in some cases, tragedy. Everyone at Celtic Football Club, including the players and my own backroom team, expresses our appreciation of the work being done by NHS staff, carers and all who are providing vital public services at this time.“