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Peterborough could be latest club to cut player wages by 50%

Peterborough have become the latest club to raise the possibility of a 50 per cent wage deferral to members of their squad.

Sportsmail understands the League One side, managed by Sir Alex Ferguson’s son Darren, have discussed the matter with a number of players as they try to ease the financial pain of the coronavirus crisis.

Posh were sixth in the table, only three points adrift of an automatic promotion place, when all football in the top four divisions was suspended two weeks ago.

The move is likely to be adopted by a number of clubs outside the Premier League while there is no way of knowing when competitive football will return. In the EFL, gate receipts are a vital part of the business model of every club and without them, many face an intense struggle for survival.

Earlier this week, Birmingham put a similar proposal to their higher earners – those collecting more than £6,000 per week – and captain Harlee Dean has already said he is willing to accept it.

Under that scheme, Blues players would see their salaries reduced for a period of four months, with the understanding that it would be paid back gradually when football is able to resume.

Chairman Darragh MacAnthony tweeted: ‘I asked our manager to have a conversation with all of our players one by one re potential of having to defer 50% of their wages whilst football is suspended.

‘They were not asked to do it now and wages as usual paid on time and in full.But we wanted to be ahead of curve if this is something that happens later on, are they ok with it. Remember they would get it all back once football restarts.

‘Our players were 100% fine and understood the long term health of the football clubs/its many employees is essential at this time.’ 

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