Juventus shares up by 7.94% after Cristiano Ronaldo, other players agree to $100m pay cut

unprecedented coronavirus crisis has caused halt of Serie A action and players in league have agreed to sacrifice ir ws since. Defending champions Juventus also followed protocol by slashing ws of ir top superstars, which reportedly led to a drastic surge in Juventus shares this week. Juventus shares rose by 7.94% on Milan Stock Exchange on Monday after club anunced pay cuts.

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Juventus shares rise after Cristia Ronaldo pay cut

News of Cristia Ronaldo pay cut was confirmed when Juventus anunced club's agreement with players and coaching staff over a reduction in ir salaries. five-time Ballon d'Or winner reportedly earns around $663,000 per week at Turin but Juventus shares surged following Cristia Ronaldo pay cut. Along with manr Maurizio Sarri and or Juventus players pay cut, Italian giants will reportedly be able to conjure ‎€90 million ($100 million) through ws for remainder of 2019/20 campaign. 

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Juventus shares surge after Juventus players pay cut

Cristia Ronaldo pay cut reportedly amounts to around ‎€10 million for four months. Juventus players put cut negotiations were led by club captain Giorgio Chiellini, who also has a degree in Ecomics. However, Juventus players pay cut has allowed vancement in  Juventus shares on Milan Stock Exchange. A 7.94% rise in Juventus shares was recorded on Monday, March 30 after 'Juventus players pay cut' news was anunced. 

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Serie A coronavirus: Cristia Ronaldo pay cut beginning of end?

statement from Juventus also re that should matches of  current season's be rescheduled, club will negotiate in good faith with ir players and coach in regards to conditional compensation. However, Juventus may be forced to sell Cristia Ronaldo in summer in order to keep ir books in balance. Juventus have taken a massive hit with coronavirus crisis as three players from club - Daniele Rugani, Blaise Matuidi, and Paulo Dybala - tested positive for dely bug.

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