Juventus Manager Maurizio Sarri, Cristiano Ronaldo and his teammates have decided to waive four months of wages to help the club balance its books during the COVID-19 outbreak in Italy.

The Serie A like several top leagues in Europe was suspended due to the Coronavirus pandemic and businesses including football have been hit hard by the crisis.

According to the Telegraph Sport, the players will help the club save about £80million during the hiatus of the league.

Three Juventus players, Daniele Rugani, Paulo Dybala and Blaise Matuidi all tested positive to the the Coronavirus.

In the statement published by the club it thanked the Players and Manager for the reaching the agreement.

Juventus Football Club S.p.A. announces that, due to the current global health emergency is preventing the performance of the sporting activity, it has reached an understanding with the players and the coach of the First Team regarding their compensation for the residual portion of the current sport season.

The understanding provides for the reduction of the compensation for an amount equal to the monthly payments of March, April, May and June 2020. In the coming weeks, personal agreements with the players and the coach will be finalised, as required by the current regulations.

The economic and financial effects of the understanding reached are positive for about EUR 90 million for the 2019/2020 financial year.

Should the current season’s matches be rescheduled, the Club will negotiate in good faith with the players and the coach conditional increases of compensations according to the actual resumption and finalisation of official competitions.

Juventus would like to thank the players and the coach for their commitment at a difficult time for everyone.