The players and staff of German giants Bayern Munich and Borussia Dortmund have agreed to take a pay cut as the economic situation surrounding the coronavirus outbreak takes hold [BBC Sport].
Bayern Munich players will reduce their income by 20% whilst Dortmund stars will “waive part of their salaries”.
Such decisions are indicative of the kind of challenges facing football over the next few months and of the fact no club is immune.
Whilst there has been nothing official concerning the finances of Rangers coming out of the club, it’s difficult to imagine a scenario where directors and investors won’t need to dig deep here.
Rangers are no more immune to the league shutdown than anyone else with a lack of matchday and television revenue sure to be felt by the Ibrox club.
However, a solid run in the Europa League could well supplement any losses but this will be a big blow to Rangers ahead of next season.
Ibrox rivals Aberdeen are another Scottish side who’ve pleaded with the powers that be amid financing issues, claiming they stand to lose up to £5m in the wake of the outbreak [Aberdeen].
With the British government planning to pay 80% of wages up to a certain amount every month, a Premiership club source has claimed that this will help alleviate the pressure in the short term [Not the Old Firm].