Swansea City reportedly failed in their attempts to negotiate pay cuts for a number of their high-paid players before eventually agreeing 20% wage deferrals.
The delay to the EFL season due to the Covid-19 pandemic has caused some significant issues to clubs throughout British football.
It has been more than a month since all EFL games were suspended and a return date is yet to be agreed.
Clubs are having to take action in order to mitigate the current crisis and it appears that the Swans are the latest to do so.
According to The Sun, the South Wales club have negotiated a deal that will see their players take a 20% wage deferral, with the majority of the squad expected to accept it.
However, the report has revealed that the Swans were keen on making some of their high-paid players take pay cuts but were unsuccessful in their attempted to secure such a deal.
The club then tried to agree a 40% wage deferral with players but had to drop that to 20% following discussions with players.
It is understood that only players earning over £4,000-a-week will have defer their wages and that the money owed to them will be paid back within a year of crowds returning.
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This report is unlikely to make happy reading for Swansea fans.
Not only are the club thought to be “in crisis” due to the financial issues caused by the situation but the failed attempts with the squad don’t look great.
That being said, this is an important decision and one that may be vital to helping them mitigate the current situation.
You’d imagine other Championship clubs will continue to follow suit as time goes on.