Southampton FC

Covid-19 crisis: Southampton is the first Premier League club to agree wage deferrals.

Southampton have become the first Premier League club to announce their players will defer part of their salaries amid the coronavirus crisis. The club will not furlough non-playing club staff, who will continue to receive 100% of pay, and first-team players, directors and manager have agreed to defer part of their salaries until at least June “to help protect future of club, staff…and community we serve”.

In a statement on the club’s website, Southampton said: “Furthermore, the club can confirm that it will not use the government’s Job Retention Scheme during April, May and June. Our owners, Mr Gao and Katharina Liebherr have put measures in place to ensure that all staff not deferring part of their salaries will continue to receive 100% of their pay, paid in the normal way until 30 June. Any decision on the future beyond this date will be made in advance of this, but only when more information is known.

Image

Also Read: Covid-19: The world’s largest critical care unit unveiled in London.

“In these unprecedented times we are dealing with many challenges to our business model and day-to-day operations.  The situation is ever-evolving and we will continue to monitor and assess the impact to the club over the coming weeks before deciding any further action necessary. Everyone at the club remains fully committed to the community we value so highly in Southampton.

The statement added: “We will continue to offer our full support to the city of Southampton through the work of the Saints Foundation and provide any further assistance we can. We ask everyone connected to the club and the city of Southampton to listen and adhere to the Government’s advice.

Also Read: Should clubs pay players during this covid-19 crisis? Here’s what FIFA thinks.

“Meanwhile, we will continue to prepare our club for a return to the pitch and make sure that, when safe, we are ready to play and serve the people of Southampton again. Until then, We March On. Together.”

Southampton FC in talks with Chinese investors

Southampton FC have revealed that they are in talks with Chinese investors, Lander Holding, who indicated interest in buying a stake in the club, a day after the Premier League club reached the EFL Cup final with victory over Liverpool. Club owner. Katharina Liebher has however written an open letter to the club’s fans addressing any concerns the club’s supporters may have over the deal.
“I am writing to you in relation to an announcement made in China today about Southampton Football Club and Lander Holding.
“Please understand that I can only make limited comments regarding this process but I can assure you that any steps we do take will be in the best interests of the club.
“A potential partnership would need to clear multiple approvals and fulfil strict criteria before being confirmed.
“The Premier League is increasingly competitive; we need to keep moving forward and look to new markets for commercial growth, innovation and to share our journey.
“Together we have had many years of progression and success, and ensuring this continues is the main focus of any possible partnership.
“I cannot thank you enough for the continued support you give Southampton Football Club, and it makes me so proud to think we will soon be experiencing a major final together at Wembley.
“I hope you enjoy what will be a brilliant day for our club and look forward to a successful future together.”

Open chat