Juventus star Cristiano Ronaldo is set to suffer a huge monetary loss after Juventus plan to cut its players’ wages up to 30%. Italy has become one of the hotspots of the coronavirus pandemic, killing thousands while also impacting the lives of millions. The virus has also brought a halt to the ongoing Serie A campaign.
According to a report by Spanish publication Mundo Deportivo, all Serie A clubs have agreed to slash down their wage bill fearing the coronavirus outbreak. This has been done keeping in view the revenue losses that the clubs have accrued or are likely to accrue due to the suspension of the league. Meanwhile, reports of Juventus wage cut have emerged with Cristiano Ronaldo likely to lose out on a staggering £8.4 million if the suggestion is materialised.
Despite Juventus wage cut plans, Cristiano Ronaldo is reported to possess a net worth of £361 million as quoted by Forbes. The five-time Ballon d’Or earns £30 million in yearly fees from Juventus, which rounds off to £510,000 a week. The player also boasts off a highly lucrative £773-million life-time deal with sporting brand Nike.
Italy has emerged as the worst affected country from the coronavirus outbreak in Europe. The country has seen more than a thousand deaths at present. Initially, Serie A decided to play the games behind closed doors. However, Italian Prime Minister Giuseppe Conte later announced the suspension of all sporting events including Serie A until April 3.
Fearing the worsening coronavirus situation in Italy, Cristiano Ronaldo was permitted to fly back to his hometown of Madeira, Portugal. It is reported that the Juventus superstar has bought an entire island in the Pacific Ocean. He is undergoing self-quarantine along with the rest of his family at his island-mansion.