Juventus ‘could sell Cristiano Ronaldo to the Premier League for just £ 63m’ in desperate bid to cut costs as they face financial crisis following corona virus pandemic
- Juventus could be forced to sell their star player, Cristiano Ronaldo
- The club’s finances have been severely affected by the corona virus pandemic
- While Ronaldo has waived four months’ wages, that may not be enough
- He makes a whopping £ 500,000 a week and more than £ 27 million a year
- Those may be too high a cost for Juve to sustain, according to Italian media
- If he were to be sold, Juve would be hit again because his transfer fee could be lowered
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Juventus may be forced to sell Cristiano Ronaldo due to the devastating financial impact of the coronavirus crisis.
There is considerable concern about the long-term economic consequences of the pandemic and the Italian newspaper Il Messagero reports that Juventus may not be able to afford to pay Ronaldo’s dazzling contract even when football returns to normal.
Ronaldo has agreed to waive four months’ wages to help the club’s finances, as well as his Juventus teammates, along with manager Maurizio Sarri. They agreed to a pay cut equal to the monthly payments of March, April, May and June, which would save the club around £ 80 million.
But Ronaldo’s massive wages of £ 500,000 a week – his contract is worth more than £ 27 million a year – could overpower Juventus, even as revenue streams return.
Cristiano Ronaldo’s future at Juventus is now in doubt, according to Italian media
Ronaldo, here with his kids on a recent Instagram photo, could be prohibitively expensive for Juventus in the future due to the financial implications of the corona virus crisis for football clubs
Football clubs around the world are affected by a complete loss of match day income, with all matches canceled until further notice, plus the threat of huge cuts in TV payments, if those matches are never played.
JUVENTUS ‘TOP WEEKLY EARNERS
Cristiano Ronaldo – £ 496,000 p / w
Aaron Ramsey – £ 400,000 p / w
Matthijs de Ligt – £ 265,000 p / w
Douglas Costa – £ 132,000 p / w
Gonzalo Higuain – £ 128,000 p / w
Adrien Rabiot – £ 116,000 p / w
Ronaldo’s longtime rival Lionel Messi, along with his teammates in Barcelona, has agreed to a 70 percent cut in wages during the corona virus crisis.
Ronaldo transferred from Real Madrid to Juventus in 2018 for £ 100 million, but for 35 years now his transfer value will have fallen. Ronaldo’s compensation would be around £ 60- £ 65 million, according to the report.
However, a new study from the CIES Football Observatory has suggested that transfer fees will drop by 28 percent due to the financial impact on corona virus clubs, which could further increase Ronaldo’s value.
If Juve couldn’t pay Ronaldo, it would also question Aaron Ramsey’s future. The Welshman is the club’s second highest earner at £ 400,000 a week, after negotiating a huge contract after leaving Arsenal on a free transfer last summer.
Even with a relatively modest transfer fee, any expense combined with Ronaldo’s huge wages would be a massive expense, making it priceless for everyone except the wealthiest clubs.
His former club Manchester United would be near the top of the line if he became available, while Manchester City should have the financial power to compete depending on the impact of their ongoing FFP struggles. Super-rich Paris Saint-Germain could be another option.
However, who can afford Ronaldo remains to be seen, with clubs around the world all of which will somehow be affected by the corona virus.
If Ronaldo left, Juve boss Maurizio Sarri would be deprived of his star player
Ronaldo was isolated with his family in Madeira during the coronavirus crisis
Italy has been hit harder than any other country in the world by the pandemic and has registered more than 11,500 deaths to date, out of a total of more than 100,000 confirmed cases.
There was encouraging news on Monday when the country recorded the lowest death toll in two weeks, suggesting strict shutdown measures could slow Covid-19’s progress.
But there is no prospect of a return to action for Italian football. Juventus has not played since he defeated Inter Milan on March 8.