Inter ask players to forfeit two months’ pay after winning Scudetto

Inter Milan President Steven Zhang has asked the players of the Italian team to forgo their next two months’ salaries to save the club.
Skysports reported that Mr Zhang mentioned this in a meeting with the players following their Serie A League Trophy triumph.
Inter Milan was the worst hit by the economic downturn of the coronavirus pandemic amongst Italian teams after recording gross loss of €195 million in the 2019-2020 financial report.
That loss was the highest in the club’s history with the club now grasping for survival with humongous debt.
The coronavirus pandemic which struck from Wuhan, China in late 2019 spread to the rest of the world early 2020 leading to the shutdown of economic activities.
Football stadiums were shut, causing a shortfall in Football Clubs’ finances owing to non-availability of match-day revenue and new sponsorship deals.
The financial report by La Gazetta Dello Sport showed that Inter Milan leads the debt race in Serie A with €630million debt about over €70million more than second placed AS Roma on €552.3million.
Antonio Conte recently led the Nerrazuris to their first Scudetto in 11years since Jose Mourinho’s era with two games left in the ongoing 2020/2021 Serie A season.
Mr Zhang pleaded with the players while explaining how the coronavirus pandemic has affected their finances and the need to make “sacrifices”.
The players are expected to take their decisions to surrender their salaries individually and independently even as the club assured them of the payment of their entitlement bonus for the league trophy.
Reactions have continued to trail this move by the board with some analysts stating that some players may be sold to clubs in order to raise funds.
Chelsea-linked striker, Romelu Lukaku, one of the club’s biggest assets, is currently being coveted by teams and the club may be hoping to balance its books with sales.
Other teams like Arsenal have also had reasons to ask their players to take pay cuts to cushion the effects of the pandemic’s economic downturn.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Opinion
Omoyeni Disu: What it takes to build an African luxury brand for a global market
Being African, in itself, does not make a brand globally competitive…customers ultimately need reasons to choose those products beyond where they come from.

States
Speaker Abbas inaugurates projects in Kaduna LG
Mr Abbas said the interventions were designed to strengthen education, healthcare, infrastructure and community development in his constituency.

World
Trump endorses Netanyahu days before Israel’s election
Mr Trump, in his social media post on Sunday, praised Mr Netanyahu as a great warrior and prime minister.

States
Lagos traders, consumers lament losses from spoilt fruits, vegetables
Traders and consumers called for improved transportation, better storage, and affordable preservation facilities to reduce waste.

World
Houthi Attack: U.S. issues second security alert to citizens in Saudi Arabia in two days
This follows warnings from Australia, the U.S., and the UK urging citizens to avoid travelling to Saudi Arabia because of security concerns.

Hot news Home top
Makinde lied NLNG paid N9 trillion dividends to Tinubu govt; he should guard his public utterances: Presidency
The presidency advised Mr Makinde to desist from making falsehoods and disinformation the hallmarks of his campaign.





