When the mega-rich football clubs from around the world were the first to announce massive cuts to players and staff wages it was only a matter of time before the rest of the clubs followed suit.
On Friday, both Neil Lennon and Peter Lawwell gave statements about wage cuts at Celtic Football Club. Lawwell reassured fans that the champions are in a healthy financial situation but that the club was not immune to what is going on all around the world with the Coronavirus pandemic.
Reports from Sky Sports said Lawwell and other boardroom members would all have wage cuts as well as the first team players and coaches.
The Celtic CEO said he was confident the club could overcome these uncertain times.
“Celtic are in a strong financial position but we are not immune to this unique set of circumstances”
“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.”
It was reported that Neil Lennon and his players have taken a significant reduction in wages expected to last from April to June at least. The champions posted profits of £24 million for the final six months of last year but there is a real fear for the rest of Scottish football surviving this lockdown.