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Coronavirus pandemic: Juventus to sell Ronaldo to cut costs

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Ronaldo, Juventus, Coronavirus

Juventus could be forced to sell Cristiano Ronaldo due to the devastating impact on their finances from the coronavirus crisis.

There is huge concern about the long-term economic impact of the pandemic, and Italian newspaper Il Messagero reports that Juventus might not be able to afford to pay Ronaldo’s eye-watering contract even when football returns to normality.

Ronaldo has agreed to waive four months’ wages to help the club’s finances, as have his Juventus team-mates, along with manager Maurizio Sarri. They have agreed to a reduction in pay equal to the monthly payments of March, April, May, and June, which is set to save the club around £80million.

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But Ronaldo’s enormous £500,000-a-week wages – his contract is worth over £27m per year – could prove too much for Juventus to sustain even when revenue streams return.

Football clubs across the globe are being hit by a complete loss of matchday revenue with all fixtures cancelled until further notice, plus the looming threat of huge reductions in TV payments, should those fixtures never be played.

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Ronaldo’s old rival Lionel Messi, along with his Barcelona team-mates, has agreed to a 70 per cent reduction on his wages during the coronavirus crisis.

Ronaldo joined Juventus from Real Madrid in 2018 for £100m, but now aged 35 his transfer value will have dropped. Ronaldo’s fee would be around £60-£65m, according to the report.

Vanguard

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