Reading have announced that CEO Nigel Howe, manager Mark Bowen and a number of other senior non-playing staff have agreed to defer a ‘substantial’ amount of their wages over the next three months to help the club mitigate the Covid-19 pandemic.
All EFL fixtures have been suspended for more than a month and will be until further notice due to the current crisis.
That delay and the uncertainty over the conclusion of the 2019/20 campaign has caused financial problems for clubs throughout the English football pyramid, with many taking action in an attempt to help them mitigate the crisis.
It appears Reading are the latest to do so, as the club looks to “protect its future and navigate its way through the temporary suspension of football”.
The Royals announced today that Howe, Bowen and a number of other senior non-playing staff have agreed to defer a “substantial percentage” of their income over the next three months.
A statement on the club website noted that a number of other non-playing staff had been placed on furlough, while discussions over wage deferrals for players began last week and were ongoing.
Reading currently sit 14th in the Championship, eight points back from the top six and nine points above the relegation zone.
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It’s interesting to hear that wage deferrals have been agreed with some senior members of the Royals staff and that discussions over similar agreements with players are ongoing.
This is an important announcement and decision from the Berkshire club and one that could prove vital in helping them mitigate
It seems likely a decision over player wages will follow soon.