An Absa Premiership club has confirmed to players and staff of a notice to implement salary cuts of up to 100%.
In a letter to the Cape Town City staff and players seen by the Siya crew, the Citizens have confirmed salary cuts for the month of May.
Clubs in the Premier Soccer League are suffering the consequences of the COVID-19 pandemic’s effect on the country’s crippling economy and with football suspended indefinitely, a few teams in the league are now being forced to make extreme adjustments to their finances.
City have since confirmed their salary cuts for the month of May ranging from 30% to a 100%.
“We have given you notice of the intended financial measure the club will take through this Covid-19 period. We have also had an open consultation on 22 April via Zoom with all the players. Following today's further consultations via Zoom with all the players, it is with regret that I need to inform you that the measures the club will need to take at the end of May and possibly June as discussed previously, were entirely dependent on us returning to work early May,” said a communiqué signed by the club’s chairman, John Comitis.
“These conditions may well change, and we will be monitoring them weekly. Each individual player can contact me directly should you need more clarity. We are requiring a 30% cut in player salaries — across all players — I will not cap the salaries, as discussed before. In addition, all those under R30k per month salary will get a 15% cut.
“The entire admin staff compliment of the club, technical, logistics and admin will be getting cuts ranging from 30% to 100% cuts. It is not intended to refund any of these amounts under these circumstances and we will review the situation end of May again. Judging from the processes we have followed and the general response from all of you, it would appear that you are in agreement to accept these terms for the sake of the club and fellow employees.”